Question

Differentiate between shop in neighborhood and shopping complex.

Answer 1

Neighbourhood Markets

• Neighbourhood shops are convenient for the public as they are open daily and various products are available at different shops. Many shops are permanent and some are temporary like hawkers and vendors.
• The major advantages of these markets are that they are in the vicinity of our homes, there is an understanding between the buyer and the seller and we can get products on credit.

Shopping Complexes and Malls

• Markets in urban areas are mostly shopping complexes or malls. Malls are multi-storeyed air-conditioned buildings with shops at different levels.
• Mostly products available in the malls are branded, of high quality and are promoted by advertisement. These markets appeal mostly to the rich people and they are the ones that these brands cater to.