Tax Glossary Definition
Hypermarket – A hypermarket is a large-scale retail establishment that combines the features of a supermarket and a department store under one roof. It offers an extensive range of products, including groceries, clothing, electronics, home appliances, furniture, and personal care items, providing customers with a one-stop shopping experience. Hypermarkets typically operate on a self-service model and are strategically located in suburban areas with ample parking space to accommodate high customer traffic. They are designed to offer competitive pricing and bulk purchasing options, attracting both individual shoppers and small businesses.
Example: Examples of well-known hypermarkets include Carrefour, Walmart, and Big Bazaar, where consumers can buy everything from daily essentials to large household goods in a single visit
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