Question

what is Chain store explain its characteristics​

Answer 1

Chain Store is a group of retail stores which are of similar kind. They are centrally owned. Some degree of centralized control of operations is exercised over chain stores

What are Chain Stores?

Chain stores originated in America. It is known as multiple shops in Europe and other Western countries. It is a network of a number of branches situated at different localities in the city or in different parts of the country. Chain Store is a group of retail stores which are of similar kind. They are centrally owned. Some degree of centralized control of operations is exercised over chain stores.

 

Definitions of Chain Stores

Chain stores are defined as follows:

A chain store system consists of a number of retail stores, which sell similar products, are centrally owned and operated under one management.

— Clark and Clark

A chain store is one of the retail units in the chain store system.

— Holli claw

Number of retail stores operating under a common ownership and management constitutes a chain.

– Converse

The chain store is a retail organization composed of two or more retail stores owned by and operated under one management.

— Nystrom P.H.

A group of stores handling similar lines of merchandise with single ownership and centralized location.

— Fri J. L

An organization owning a controlling interest in two or more establishments which sell substantially similar merchandise at retail prices.

Characteristics of chain stores

1. A group of stores (units) constitutes a chain.

2. Chain stores are centrally owned.

3. They enjoy some degree of centralized control of operations.

4. Individual units have very little autonomy.

5. They sell similar merchandise at retail prices.

6. Centralized purchases are made for all chain stores operating under the single management.

7. Chain stores are horizontally integrated. With addition of each new store, the system extends its operations to another group of customers.

Answer 2

the shops at networks of retail shops that are owned and operated by manufacturers or intermediate dealing in stand lysed and branded customer products having a rapid sales turnover