The concept of retail organization in which two or more outlets that are controlled and owned commonly is classified as?
Correct answer: C. chain stores
- A. off price voluntary stores
- B. mutual cooperation
- C. chain stores
- D. voluntary stores
Explanation
Chain stores consist of two or more commonly owned and controlled outlets that usually follow coordinated purchasing, merchandising, and management practices. Common ownership distinguishes a chain from a voluntary retail association.
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