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4. Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?
5. Why do people not bargain in shops located in malls whereas they bargain in weekly markets? 
6. How do you think your neighbourhood shop gets its goods? Find out and explain with some examples.?
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4. Why are goods sold in permanent shops costlier than those sold in t...
Cost of Goods in Permanent Shops vs. Weekly Markets
Goods sold in permanent shops tend to be costlier than those in weekly markets or by roadside hawkers due to several factors:
  • Overhead Costs: Permanent shops have higher expenses, including rent, utilities, and salaries, which are passed on to consumers.
  • Quality and Variety: Shops often offer a wider range of quality products, which can be more expensive. Weekly markets may focus on local, less expensive items.
  • Brand Value: Established shops may sell branded goods that carry a premium price compared to unbranded items found in markets.

Bargaining Behavior in Malls vs. Weekly Markets
People generally do not bargain in shops located in malls, while they often negotiate prices in weekly markets. The reasons include:
  • Fixed Pricing: Mall shops usually have fixed prices set by the brand, giving customers little room for negotiation.
  • Shopping Environment: Malls offer a more formal shopping experience where bargaining is not culturally accepted.
  • Market Culture: Weekly markets thrive on haggling, where prices are often negotiable, fostering a more casual atmosphere.

Supply Chain of Neighborhood Shops
Neighborhood shops acquire their goods through various channels, ensuring a steady supply of products:
  • Wholesale Distributors: Many local shops buy bulk items from wholesalers, who provide products at lower rates compared to retail prices.
  • Direct Manufacturers: Some shops have direct ties with manufacturers, allowing them to stock unique or local products.
  • Local Markets: Neighborhood shops often source fresh produce and local goods from nearby markets, supporting local farmers and businesses.

Understanding these dynamics helps clarify why shopping experiences differ based on location and format.
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Short Q&A:Q1: Why weekly markets are cheaper than permanent shops?Ans : Permanent shops have to incur a lot of expenditure like shop rent, electricity, fees to the government etc., but a weekly market shop owner don’t have to bear these expenses. Permanent shops holder also have to pay wages to their workers but weekly market shop owner have helpers from their family members, and thus they don’t need to hire workers. And are cheaper than permanent shops.Q2: Why Neighbourhood market is preferred by the Indians?Ans : Neighbourhood markets are near our house, one can go there at any day of the week. The buyers and sellers know each other and these shops also provide goods on credits,Q3: Differentiate between shopping complexes and malls.Ans : Markets mostly in urban areas having many shops are called shopping complexes. In many urban areas there are large multi-storeyed air conditioned building with shops on different floors, knows as malls.Q4: Establish relationship between the market and the inequality?Ans : Shop owner in weekly market and in shopping complexes are different people. One is small trader with little money while other can spend lot of money. They also earn unequal amounts. Similarly buyers are also different, there are many who are not able to afford the cheapest goods while buys only branded items from shopping malls. Thus it forms an inequality amongst people.Q5: Differentiate between permanent and temporary shops.Ans : Permanent shops contains goods that are expensive in comparison to goods of temporary shops. Permanent shops store the things they sell in their shops but temporary shops owner store goods to be sold at their home. Long Q & A : Q1: What is a chain of market? Do you think that everyone gains equally in the market?Ans:A series of markets that are connected like links forms chain of market. Products passes from one market to another. Shop owner in weekly market and in shopping complexes are different people. One is small trader with little money while other can spend lot of money. They also earn unequal amounts. Similarly buyers are also different, there are many who are not able to afford the cheapest goods while buys only branded items from shopping malls. Everyone do not get equally in a market. Individual answer. Related: Short and Long Question Answers - Market Around Us?

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4. Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?5. Why do people not bargain in shops located in malls whereas they bargain in weekly markets? 6. How do you think your neighbourhood shop gets its goods? Find out and explain with some examples.?
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4. Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?5. Why do people not bargain in shops located in malls whereas they bargain in weekly markets? 6. How do you think your neighbourhood shop gets its goods? Find out and explain with some examples.? for Class 7 2024 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about 4. Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?5. Why do people not bargain in shops located in malls whereas they bargain in weekly markets? 6. How do you think your neighbourhood shop gets its goods? Find out and explain with some examples.? covers all topics & solutions for Class 7 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 4. Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?5. Why do people not bargain in shops located in malls whereas they bargain in weekly markets? 6. How do you think your neighbourhood shop gets its goods? Find out and explain with some examples.?.
Solutions for 4. Why are goods sold in permanent shops costlier than those sold in the weekly markets or by roadside hawkers?5. Why do people not bargain in shops located in malls whereas they bargain in weekly markets? 6. How do you think your neighbourhood shop gets its goods? Find out and explain with some examples.? in English & in Hindi are available as part of our courses for Class 7. Download more important topics, notes, lectures and mock test series for Class 7 Exam by signing up for free.
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