Financial Glossary: One-Stop Shop


en			ru			jp

One-Stop Shop

One-Stop Shop

A company or a location that offers a multitude of services to a client or a customer.

The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. This is a business model that has become very common. The intention is that, by providing many services in one place, shops can Offer customers the convenience of obtaining their needs in one stop. This is especially cost-effective for grocery retailers who, by providing large supermarkets, have been able to absorb most of the custom that used to be served by specialist suppliers. Large supermarket chains have developed from selling food and NOW provide virtually all the shopping that domestic customers might want - clothes, pharmacy, music etc. This type of retailing has benefited from the increased busyness of families who have two working parents and from the diminishing availability of parking spaces in town centers, which have become a common feature of most western societies.

For example, a bank may be able to Offer you not only personal banking services and loans, but also investment advice, investment vehicles and insurance policies. Compared to visiting a separate Institution for each area of need, the "one-stop shop" saves the consumer a lot of time and effort.

Posted by Privatebanking.com

Back

Privatebanking.com

Get the attention you always wanted and promote your corporate image and standing by benefiting from our state of the art interactive web presence.

Ascent Limited

Experience The Difference. Ascent Limited provides first class wealth management and family office services. Our private banking team, assembled from a group of highly experienced banking professionals, will provide financial advice tailored to your individual requirements and keep your portfolio in tune with the latest market developments and opportunities.

©	Copyright by PRIVATE BANKING.COM 2002- - All rights reserved.