Learn More About mom-and-pop. Time Traveler for mom-and-pop The first known use of mom-and-pop was in See more words from the same year. Statistics for mom-and-pop Look-up Popularity. Style: MLA. English Language Learners Definition of mom-and-pop. Get Word of the Day daily email! Test Your Vocabulary. Can you spell these 10 commonly misspelled words? Love words? Today, mom-and-pop establishments are synonymous with various different types of businesses, including restaurants, bookstores, automotive repair shops, and insurance agencies.
In many ways, mom-and-pop businesses stand at a steep disadvantage to large corporations, e-commerce companies, technology platforms, and franchise businesses, who enjoy bigger economies of scale , greater access to capital for investments, larger advertising budgets, higher brand awareness, greater access to talent pools for hiring, etc. This collectively gives larger players a competitive edge over mom-and-pop businesses, who frequently, lose ground and find themselves forced out of business in response.
Fortunately, there are signs of hope for mom-and-pop stores. More than ever before, consumers are demanding more personalized products and services. When shoppers ask, "Where can I find a mom-and-pop shop near me? Using technology, like social media, small businesses can expand their target audience and broaden their geographical reach.
Mom-and-pop shops also benefit from a phenomenon known as "Small Business Saturday," which is a recent American tradition of shopping locally on the Saturday following Thanksgiving. This shopping holiday is a logical answer to Black Friday, where large retailers offer enticing discounts to consumers.
Mom-and-pop business owners tend to have a vested interest in the community, its citizens, and the local economy. Consequently, they offer highly interactive and personalized services that large corporations cannot replicate. For this reason, mom-and-pop stores often win increased brand loyalty among consumers.
Mom-and-pop drugstores are typically owned and operated by the same family for generations, where the druggist or pharmacist would also be the proprietor of the store. Despite limited capital commitments, mom-and-pop investors often count on significant returns on their trades, in order to supplement their income.
But many mom-and-pop investors are unfamiliar with market research and react impulsively to market changes and fluctuations, by rashly dumping their positions, rather than riding out rough patches. Some mom-and-pop investors combat their inexperience by hiring brokers to facilitate trades, or by using one of the many online trading platforms to facilitate their investments.
How To Start A Business. Small Business. Portfolio Construction. Family Finances. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page. Mom and Pop Store. An independantly owned business. If it is a music business, they will sometimes release CD's a week before they come out. Go cop it now b4 that ish run out!
A quickie while the children are asleep. We had a mom and pop special right after the baby went to sleep. Local corner store owned by local.
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