Match each retail business format listed on the left with its defining operational characteristic on the right.
- SupermarketEmploys self-service arrangements focusing predominantly on food items, household consumables, and groceries
- Automatic Vending MachineProvides automated, round-the-clock dispensing of standardized goods without requiring human sales attendants
- Tied HouseSells goods exclusively sourced from a single manufacturer under a binding legal contract
- Variety StoreStocks a wide assortment of diverse, low-cost general merchandise sold at popular uniform prices
Answer
Supermarket matches with self-service retail focused predominantly on foodstuffs and household consumables; Automatic Vending Machine matches with automated round-the-clock dispensing without human attendants; Tied House matches with selling goods exclusively from a single manufacturer under contract; Variety Store matches with stocking diverse low-cost general merchandise at uniform prices.
Each retail format is correctly matched to its specific structural and operational definition: Supermarket relates to self-service grocery and food retailing; Automatic Vending Machine relates to 24/7 automated unattended dispensing; Tied House represents exclusive contract-bound retailing for one producer; and Variety Store corresponds to selling broad low-cost merchandise at uniform price points.
Step-by-Step Solution
Key Concept
Operational and structural characteristics distinguishing small-scale and large-scale retail formats