Place where a commercial activity is carried out
An establishment is that place in which a commercial, industrial or professional activity is carried out.
For instance, A commercial type establishment is the store or premises in which one can find services or objects for sale, it is also known as a point of sale and as a trade.
In a commercial establishment, none of the goods or articles that are sold there are manufactured or produced, more than anything it is assumed as an intermediary between the manufacturer of a type of product and the consumer of the same and is oriented to obtain economic benefits .
With the exception of bakeries, confectioneries or restaurants, to mention some of the commercial establishments in which the production unit does operate on-site.
They sell to the final consumer and source from the wholesale market
However, these establishments generally serve the retail public, that is, the final consumer of the goods they sell and are the last link in the distribution chain. In turn, they source from the wholesale market.
Retail stores buy in bulk from manufacturers or importers directly or through an intermediary.
Then it sells retail, that is, in small quantities to the public.
How does your customer service work?
Normally, commercial establishments have the merchandise in view but the customer must request the product from the seller and he will show it to him, although there are also other establishments in which customers can take the merchandise that is available to them and if it is that they were looking for directly approach the box and pay its value. In any case, in this mode, the establishment also has salespeople who can advise or answer questions about the product.
They can be taken care of by their own owners or by employees. The establishments can be rented, bought and an alternative that has taken center stage in these times is the franchise. In many establishments they work, which consist of the exploitation of a product, name or activity granted by another company that owns the aforementioned. This case is highly appreciated in coffee shops.
A relevant issue is that of price, the setting of prices in these establishments is normally carried out based on the initial cost and to this a percentage of profit is added. Another method used is to use the price list supplied and advised by the manufacturer of the product. Depending on the item, the prices of the items are printed on them or on a gondola where they are displayed.
Origin
The origin of commercial establishments can be found in the Middle Ages, in the Fairs that were organized in these times and in which farmers, artisans and ranchers exchanged the products they produced; then the small warehouses and warehouses would appear.
Educational establishment
Another type of establishment is the educational establishment, popularly known as school, which has as a mission to provide education and teaching to those who attend it. Students, as those who come in search of knowledge are called, will receive from their professors or teachers in these establishments the basic, middle and higher education they need to be able to function effectively and have possibilities in their lives.
On the other hand, the term is also used to refer to the foundation or institution of an entity or business; the establishment of the University was completed in a few days.
Fortune and way of life that someone leads
And also when you want to realize the placement, fortune and way of life that a person leads the word establishment is used. "After different economic and personal ups and downs, my son got his establishment." In other words, this sense of the word is used colloquially to show that someone found their way in life and is on track.
