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Mom and Pop
(redirected from Mom and Pop Shops)

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Mom and Pop
1. Describing a small business, usually run by a family with few or no other employees. Prices at mom and pop businesses are usually unable to compete with large retail corporations, but they generally have a reputation for providing individualized service.

2. Describing an investor who does not invest for his/her primary income. Mom and pop investors are usually seeking to supplement their incomes or save for retirement.


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feed=Yzfe8AoAvmKaq5_3_l4MGtKQnnQh9yIh Until recently, it was believed that once the manufacturer warranty ran out, mom and pop shops were the way to go for similar service at cheaper prices.
Bank of America's filing system doesn't work: A loss of paperwork is expected in any organization, from small town mom and pop shops to the largest business in the world, but borrowers would expect a certain level of performance and consideration from their lender when they are in the midst of a fight for their home.
There is a general perception that the coming of multi- brand retail will lead to shutting down of the mom and pop shops but I have data to prove that it will not.
 
 
 
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