A company operating multiple retail units under common ownership and usually has centralized decision making for defining and implementing its strategy is called a:
A) franchise
B) full-line discount stores
C) retail chain
D) single-store establishment
E) wholesale-sponsored voluntary cooperative group

Question

Quizplus · Accepted Answer

A retail chain is defined as a company operating multiple retail units under common ownership and usually has centralized decision making for defining and implementing its strategy. Franchise, full-line discount stores, single-store establishment, and wholesale-sponsored voluntary cooperative group do not necessarily have centralized decision making or operate under common ownership.

A Company Operating Multiple Retail Units Under Common Ownership and Usually