Chain Stores

which of the following is the advantage of chain store?

• Limited product variety compared to local stores.
• Higher operational costs due to centralized management.
• Economies of scale leading to lower prices.
• Increased shipping times for customers.

Select the disadvantage of chain stores!

• Greater variety of local products.
• Less flexibility in pricing and product selection.
• More personalized customer service.
• Higher profit margins than independent stores.

How do chain stores eliminate middle men?

• By relying on local distributors for inventory management
• By buying directly from manufacturers and reducing the supply chain.
• By outsourcing production to third parties
• By increasing the number of suppliers

Which of the following are example of chain stores?

• Walmart, Starbucks, McDonald's
• Grocery store

• Dunkin' Donuts
• Target

What are chain stores?

• Chain stores are retail outlets that are part of a larger network owned by the same company.
• Chain stores are independent shops with no affiliation to other businesses.
• Chain stores are local markets that only sell handmade products.
• Chain stores are exclusively online retailers without physical locations.

What is the primary benefit of chain stores over independent retailers?

• Higher prices due to brand value.

• Increased brand recognition and customer loyalty.

• Less marketing reach.

• Limited product availability.

How do chain stores typically manage their inventory?

• By using a centralized inventory management system.

• By relying on individual store managers to order stock.

• By purchasing inventory from local suppliers only.

• By limiting the number of products offered.

Which of the following is a common strategy used by chain stores to attract customers?

• Reducing the number of store locations.

• Focusing solely on online sales.

• Implementing loyalty programs and discounts.

• Offering exclusive products not found in local stores.

What is a common challenge faced by chain stores in managing their supply chain?

• Inconsistent product quality from suppliers.

• High employee turnover rates.

• Limited access to technology.

• Overly complex customer service protocols.

How do chain stores typically respond to changes in consumer demand?

• By conducting market research and adjusting inventory accordingly.

• By increasing prices across all locations.

• By closing underperforming stores immediately.

• By reducing the number of employees.