Preview

differences between supermarket and market

Satisfactory Essays
Open Document
Open Document
392 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
differences between supermarket and market
Differences between supermarket and market

People are familiar with the traditional markets. When the quality of life raises up, their habit to buy goods in supermarkets also increases. There are three main differences between markets and supermarkets: scale, quality and the way to purchase.
The first point is that the markets are generally smaller than the supermarkets about various kinds of goods, technological facilities and quantity of staffs. Supermarkets have a system of arranging products display while each stall’s display at markets depends on the owner. Supermarkets also offer ready-to-eat foods as a way to provide the customer to shop as well as eat at the same time. Supermarkets usually receive goods and merchandise in bulk from either manufacturers or large distributors and offer low prices and many deals or discounts on their products to attract consumers. Some supermarkets may also have banks, ATMs, coffee bar, juice bar and anything else that may attract customers.
The second difference between markets and supermarkets is product quality. Many people like buying goods in supermarkets because they have a clear origin. Furthermore, supermarkets storage systems are better while products in the markets are sometimes old packaging and not attractive like in supermarkets. Except for agricultural products, in markets it is bought directly within a day. So, it will be fresher than in supermarkets. In supermarkets, people choose products, evaluate product quality through the inventory for nutrient composition, place of manufacture, production time and duration of use. At the market, by contrast, the quality of the product depends on the trust between sellers and buyers.
The last point is the way to buy. Supermarkets have a special format where it allows consumers to pass through aisles using shopping carts or baskets and pick up whatever they require. In the markets, customers are allowed to haggle for prices, while prices in the supermarkets are

You May Also Find These Documents Helpful

  • Good Essays

    Traditional grocery stores have fallen by the wayside as supercenters and specialty food stores grow. They are increasingly looking for ways to differentiate themselves from the rest of the competition. Oftentimes, the supercenters are able to offer lower prices on food while offering a sizeable selection of other goods that food-only grocery stores find it hard to compete with. Some of these changes have come by mergers and the ability to purchase more for less and changing their appeal in the market. These stores have implemented new technologies such as self-checkouts and biometric technology that allows people to pay at the checkout with a scan of their finger to sway the consumer with convenience. Grocery stores are also differentiating themselves by touting their store brands, as premium goods as opposed to the well know value brands. They are changing their layouts and up scaling their stores to meet customers demands for a reason to enter their retail dwellings. Some groceries are offering even more convenience with the addition of specialty offerings such as Starbucks and fast food restaurants.…

    • 559 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Mrkg 1311 Chapter 12

    • 490 Words
    • 2 Pages

    Supercenter combine a full line of groceries and general merchandise with a wide range of services, including pharmacy, dry cleaning, portrait studios, photo finishing, hair salons, optical shops and restaurants all in one locations. These superstores make it more difficult for the local stores as there are more services under one roof and the products are most likely cheaper at the superstores. Marketing of superstores focus on the mobility of the population and all that comes with that, for example traffic conditions and infrastructure. What the working population looks like in terms of demographics and psychographics, what the living and storage spaces look like and of course the size of the city, the larger the city is, the more companies and alternatives are available. Superstores use price as an effective marketing mechanism in order to attract customers.…

    • 490 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Morrisons Annual Report

    • 4751 Words
    • 20 Pages

    What makes us different from other supermarkets is our own supply chain, our own manufacturing sites and ‘Market Street’.…

    • 4751 Words
    • 20 Pages
    Powerful Essays
  • Satisfactory Essays

    The supermarket industry is a mature industry and has established large players that dominate the market. Continued consolidation and a focus on organic and natural products are the major trends that dominated this industry.…

    • 290 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Markets occur wherever goods and services are bought and sold. there is a market for clothes a market for cars, there are developed markets and markets for food produce. Wherever people and organisations want or need goods or services, there is market a market…

    • 918 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Trader Joe’s is a grocery store that offers upscale grocery fare such as; organic produce, nutritional supplements, and health foods. Trader Joe’s was founded by Joe Coulombe and started in 1958 as a small chain of convenient stores in Greater Los Angeles Area called Pronto Markets. Since then, Trader Joe’s has expanded and now has around 375 stores in 30 or more states ("Trader Joe 's Company Competition, 2012). Trader Joe’s market may be viewed as a monopolistic competition, and falls into the grocery industry. A monopolistic market structure is characterized by many companies selling a distinct product in a market easy to enter. This market structure is similar to pure competition, except for the distinct product (Kowitt, 2010). These market structure classifications are based on the number of barriers and firms to access the market as outlined in Table one below.…

    • 1637 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    U29 - P1 and M1

    • 954 Words
    • 9 Pages

    Unit 29: Understanding Retailing Objectives of the Unit 1. Know the structure of the retail industry 2. Understand the role of retailing in the distribution of goods and services 3. Understand the sales and service functions in retailing 4. Know how the retail sector responds to internal and external change.…

    • 954 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    markets which are now turned into large supermarkets, not only carry fresh food but almost…

    • 564 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    2. The market is important in their city it is one of the only ways to get produce and food in their city. It is also important because it is bringing in people from far away places.…

    • 343 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Loblaw Companies Limited

    • 1361 Words
    • 6 Pages

    The grocery industry has a relatively high market commonality; a lot of grocery stores are somewhat related in terms of technologies used, labor force and the products or services offered in the stores. Differentiation with other competitors is key for survival in this highly competitive industry.…

    • 1361 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Hours: the supermarket is opened 24/7 which people don’t have to worry about and gives people the opportunity to shop at any time.…

    • 430 Words
    • 2 Pages
    Good Essays
  • Better Essays

    What factors are currently involved in successfully competing in the supermarket industry and how will these factors change in the next 10 years?…

    • 1003 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    Tma2

    • 513 Words
    • 3 Pages

    Allen el at (2009) discusses in Chapter two how supermarkets have changed the way the produce their products. Today supermarkets sell CDS, books, petrol and even different insurances. This is along with…

    • 513 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    MKTG 1001 presentation

    • 669 Words
    • 3 Pages

    Hi, everyone. Before we do the question, we have to know what a retailer is and how to determine its type. A retailer is a business whose sales come primarily from retailing which include all activities of selling goods or services to final consumers. Retailers can be classified according to three main bases. First one, according to the different amount and level of services, it can be…

    • 669 Words
    • 3 Pages
    Good Essays
  • Good Essays

    You Decide: Wal-Mart Cultural differences are the core of international operations. These differences are identified through purchasing preferences and shopping trends, which provide opportunities for international expansion of hypermarkets. Hypermarkets must consider the cultural differences from domestic operations and conform to these differences by offering products consumers are currently purchasing from local retailers. This will provide a competitive advantage for the hypermarket, resulting in increasing brand awareness. Hypermarkets, or “a retail store that combines a department store and a grocery store” according to Investopedia (2015), are successful in countries where people have limited time to shop and desire lower prices.…

    • 533 Words
    • 3 Pages
    Good Essays