Some of the advantages and disadvantages of super market are as follows: (1) It offers large variety of goods to the customers at one place which leads to large turnover. Theses are the non-price competitions that aim to maintain the stability of prices. Found inside – Page 2The relative advantages and disadvantages of each system will be discussed , and annual results generated . Since a fixed head pressure vapor compression ... Advantages and disadvantages of descriptive research. BBC NEWS (2007) [Online] Grocery probe eyes local markets. Profit margin is lower. Another research of the food prices done by Telegraph (2010) also declares that ‘But while consumer prices remain high, wholesale prices have since declined.’ Both of these reports have proven that the big four supermarkets in the UK colluded with each other to form a cartel in order to hang the prices at an invariable level to gain monopolistic power and profits. However, the oligopolistic market structure also brings certain drawbacks. Content Filtrations 6. Advantages and Disadvantages of Tourism in the Bahamas. 18 Major Advantages and Disadvantages of Supermarkets Advantages of Supermarkets. Customers enjoy full freedom of selection in supermarkets. As salesman are not appointed in these markets, customers select goods of their choice on their own. Disadvantages of Supermarkets. As Supermarket is a large scale retail organization and it deals in almost all the goods and services of daily use of consumers, it needs huge amount ... Salient Features of Supermarkets. Almost all the goods of daily and regular needs of consumers are sold at supermarkets, such as - goods of grocery, goods of cosmetics, vegetables, fruits, ... *You can also browse our support articles here >. Found inside – Page 47... complete the following organizer with two advantages and two disadvantages of shopping at a supermarket. (Score: 02) Advantages Disadvantages 1. Telegraph (2010) [Online] Food prices rise as supermarkets accused of profiteering. Advantages and Disadvantages of Ehr Products on the Market: Advantages and Disadvantages of EHR Products on the Market: An Internet search and review Anne E. Arp HI300: Information Technology and Systems for Healthcare Prof: Kina Sweet 08/14/2012 The mass of websites declaring EHR software, solutions, products, etc., was incredible as I entered my search for “EHR demo” into Google. Harlow: Pearson Education. Figure 2 reveals a continuous increase in online consumption as well. (ii) Low overheads, particularly selling overheads. Theses are the non-price competitions that aim to maintain the stability of prices. It is designed in such a way that the shoppers have to go a certain route from the entrance to the cash point near the exit. Prohibited Content 3. Reader view. Available at: http://news.bbc.co.uk/2/hi/6289479.stm (Assess date: 02/02/2010). These items cannot be stored for a longer time. The most effective and influential ones are online shopping services and 24 hours shopping services. In the concept of virtual subway store, delivery places an important role. Disadvantage of virtual subway store is may late delivery. Benefits and Features of SupermarketsSelf Service. The most distinctive feature of the supermarket is the absence of salesmen and shop assistants to help the customers.Low Price Appeal. Self-service combined with the large buying power and the low percentage of profit margins means that supermarkets can sell at low prices.Pricing Policy. ...Thin Gross Margin. ...Variety of Merchandise. ...More items... Available at: http://news.bbc.co.uk/2/hi/business/7245944.stm (Assess date: 15/02/2010). Found inside – Page 19When respondents were asked about advantages and disadvantages of discounting ... IMPLICATIONS Discount Food Store Basically A Supermarket The discount food ... Found insideThe average supermarket today has about 40,000 items on its shelves. ... To illustrate these advantages and disadvantages of our automatic processing, ... Our economics writers are all highly qualified professionals and can assist with any economics essay you need help with. The benefits of retailing online include: Easy access to market - in many ways the access to market for entrepreneurs has never been easier. A solitary county may not be covered by the home delivery services and yet they are still paying the identical prices like everyone else are. Copyright 10. As mentioned above, Daily Mail (2009) reports that ���the banana prices hit 14-year low.��� This is because Asda decided to lower its price, and it directly affected the other three supermarkets as they are interdependent. Customer will get the product by … As a result, the average price of bananas in the UK started to decrease. According to Anderton (2008:322), ���An oligopolistic market is one where a small number of interdependent firms compete with each other.��� In addition, he also states another four main characteristics of it, such as ���Non-price competition���; ���Price rigidity���; ���L-shaped average cost curves��� and ���Collusion���. Found inside – Page 67... and explain the advantages and disadvantages of organic and inorganic fertilisers ... You supply a local supermarket with fresh vegetables once a week . Natural light makes produce look more appealing, and immediate visibility ensures that produce will move quickly so that the supermarket is not left with wasted perishable items. Advertisement. However, the oligopolistic market structure also brings certain drawbacks. (4) As the food and grocery items are usually dealt in a super market, they deteriorate very soon on account of their perishable nature. Copyright © 2003 - 2021 - UKEssays is a trading name of All Answers Ltd, a company registered in England and Wales. Firstly, consumers may benefit from the non-price competition. The kinked demand curve of an oligopolistic firm also suggests an important theory, that the company should follow its competitor to reduce the price but maintain it when its competitor starts to increase the price level (Anderton, 2008). Daily Mail (2009) reports that Asda reduces the price of bananas, Tesco and Sainsbury���s follow to maintain as many customers as possible. Disclaimer 9. Anderton, A. However, the abnormal market share of these firms generates the incentive of collusion to capture consumer surplus for monopolistic profits. -A small selection of products. Found inside – Page 210Supermarkets are taking a large share of the business and by refusing to supply ... A general discussion of the advantages and disadvantages of outsourcing ... Do you have a 2:1 degree or higher? In brief, the British supermarket industry possesses the characteristics of oligopoly; it therefore should be described as an oligopolistic market. 2. Found inside – Page 21The average supermarket today has about 40,000 items on its shelves. So you actually made 40,000 ... There are advantages and disadvantages to automaticity. Found inside – Page 308Figure 6.4 shows the organization chart for a supermarket chain, ... Table 6.2 summarizes the advantages (and disadvantages) of a functional pattern. They offer customers as one-stop shopping. Especially, Tesco possesses over 30% in 2008. No plagiarism, guaranteed! Another data produced by Telegraph (2010) shows that the consumer price of a loaf of bread raised 0.1 pound whilst the wholesale price of wheat dropped 86.5 pounds per tone. Available at: http://news.bbc.co.uk/2/hi/business/7004054.stm (Assess date: 02/02/2010). What Are The Advantages And Disadvantages Of Supermarkets. Company Registration No: 4964706. Supermarkets: Meaning, Characteristics, Advantages and Disadvantages, Differences between Departmental Stores and Multiple Shops. Found inside – Page 83SEBAINSBURY A supermarket It is more efficient because : 1 Most goods are no ... Ebers A market stall Advantages Type of outlet Disadvantages Supermarket or ... Learn vocabulary, terms, and more with flashcards, games, and other study tools. Game theory is more than often being used to deal with the pricing strategy given others actions and outcomes. Found inside – Page 10... whatever their advantages and disadvantages — will probably never be made by ... The increase in the importance of the supermarket during the last few ... This reveals a clear situation of the British supermarket industry which is dominated by the four leading companies. It can be seen from Figure 1, the majority of the grocery resources are held by these four supermarkets from 1998 to 2008. Found inside – Page 322Moreover, the disadvantages of supermarkets, according to farmers, ... The different retailing points have comparative advantages for various consumers, ... This is because every firm in an oligopolistic market has certain degrees of market power and mutual interdependency (Anderton, 2008).

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