Question

what is retail chain ?explain the advantage of operarting a chain of retail outlets

Answer 1

retail chain is a retail outlet in which several locations share a brand, central management, and standardized business practices.

The commercial marketplace has evolved to the point where retail sales no longer have a monopoly on the consumer world. To elaborate, consumers once relied almost exclusively on retail outlets for their needed goods, but today you can purchase from online stores, auction sites, wholesale outlets, liquidation centers, and in some cases, you can even go straight to the manufacturer. If you sell any kind of merchandise, there are still advantages to using traditional retail outlets.