Chapter 5.1, Problem 2R

To determine

To Discuss: Advantages and Disadvantages of Club Warehouse Store, Convenience Store and Buying in bulk.

Explanation of Solution

List	Advantages	Disadvantages
Club Warehouse Store	Low prices, High Quality, One Stop shopping	Oversized package, Restrictions on deal
Convenience Store	Near locations, Independent Pricing (Monopoly)	Long working hours, High maintenance cost
Buying In Bulk	Money saving, optimum use of product	Perishable items

Economics Concept Introduction

Introduction:

Club Warehouse Store generally refers to a store where there are limited brand products with large quantities and low prices that can be affordable by all people. These stores provide products like: clothing, daily routine groceries.

Convenience Store those which are located on highways and mostly remains open for 24 hours. Convenience store is also known as retail stores which sell daily routine products and mostly consumable products like: food, and milk.

Buying In Bulk refers that buying or purchasing a product in large quantity and while purchasing a product in bulk usually results in more discounted rates.