Question

what do you understand by boutique , factory outlet,department store and chain store ? some examples .​

Answer 1

Explanation:

& a Chain Store

Small Business

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Business Models & Organizational Structure

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Organizations

By

Chron Contributor

Updated February 17, 2021

Department stores and chain stores are two different concepts. Department stores have a long history of offering a wide variety of goods for retail sale, while chain stores are retail outlets in various locations under the same brand and management. While many department stores are chain stores, the opposite is not true. There are many chains such as restaurants and specialty stores that are not considered department stores. Macy’s department store on Herald Square in New York City is one of the best-known department stores that is also part of a chain.