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chain store, any of two or more retail stores having the same ownership and selling the same lines of goods. ... Together with the department store and the mail-order company, chain stores represent the first successful application of large-scale integrated methods to a form of retailing.
- What is chain store and examples?
- What is chain store management?
- What is mean by chain business?
- What is a chain store and its characteristics?
- What is chain store Class 11?
- What is chain store sales?
- What are store operations?
- What's the difference between franchise and chain store?
- How many stores make a chain?
- Is Walmart a chain store?
- What teleshopping means?
- What is chain store or multiple store?
- How do chain stores operate?
What is chain store and examples?
A chain store is a retail company with more than one branch. ... There are a variety of chain stores from big-box retailers to specialty shops, from supermarkets to restaurant chains. Examples of well-known chain stores include Wal-Mart, Target, Macy's, Home Depot, Bed Bath & Beyond, and The Body Shop.
What is chain store management?
Simply put, supply chain management (SCM) is controlling the flow of goods and services and involves the active streamlining of a business's supply-side activities. This is done to gain a competitive advantage in the marketplace and maximize the value to a customer.
What is mean by chain business?
chain - (business) a number of similar establishments (stores or restaurants or banks or hotels or theaters) under one ownership.
What is a chain store and its characteristics?
Chain stores or multiple shops is a retail organization composed of two or more retail stores, owned by and operated under one management. Characteristics of Chain Stores or Multiple Shops. A chain store is the number of retail stores operating under common ownership and management constitutes a chain.
What is chain store Class 11?
Chain Stores or Multiple Shops: Chain stores or multiple shops are networks of retail shops that are owned and operated by manufacturers or intermediaries. Under this type of arrangement, a number of shops with similar appearance are established in localities, spread over different parts of the country.
What is chain store sales?
In the US, chain store sales refer to retail sales of goods and services in department stores excluding discount department stores.
What are store operations?
Retail operations is the term used to describe all the activities that keep the store functioning well. ... It includes people management, supply chain, store layout, cash operations, physical inventory, master data management, promotions and pricing, and so on.
What's the difference between franchise and chain store?
The key difference between chain and franchise is that chain has a single owner operating all the business locations, whereas franchise has separate owners, operating in individual locations. ... A chain is a group of stores owned by one company, but spread nationwide or worldwide.
How many stores make a chain?
Even two stores or restaurants or businesses owned by the same person or group can constitute a local chain. Several large chains are among the largest retail businesses in the world.
Is Walmart a chain store?
Walmart Inc. ( /ˈwɔːlmɑːrt/; formerly Wal-Mart Stores, Inc.) is an American multinational retail corporation that operates a chain of hypermarkets (also called supercenters), discount department stores, and grocery stores from the United States, headquartered in Bentonville, Arkansas.
What teleshopping means?
a form of non-store or in-home retailing in which the consumer can purchase goods and services shown on television; the purchaser telephones an order, or orders with the aid of a computer, and the products are delivered to the home. See Home Shopping; Non-Store Retailing.
What is chain store or multiple store?
Chain stores are multiple retail shops which operate under one brand name and have the common ownership. Basically, they are all outlets or branches of the same brand/store. These types of retail stores actually originated in America but are now seen worldwide. One common example would be Croma or DMart.
How do chain stores operate?
A chain store consists of two or more retail outlets, operated by the same company, which sell the same kind of merchandise.
