Final answer:
A store offering a wide range of different product types like fashion apparel, furniture, and cosmetics is known as a department store. It came into existence due to the shift in consumer shopping behaviors from small, specialized shops to large, centralized locations with fixed prices and a wide product selection.
Step-by-step explanation:
The term used to describe a variety of merchandise such as fashion apparel, furniture, appliances, toys, sporting goods, cosmetics, and other groupings of products found in a single store is department store. A department store offers a wide range of products under one roof, often characterized by different sections or "departments" within the store. This style of retail business emerged from the shift in consumer patterns, moving away from small, specialized shops to a centralized shopping experience where fixed prices, wide product selections, and advertising were the norm, allowing consumers to indulge in both necessities and luxuries.