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alekssr [168]
2 years ago
14

independently owned and managed stores sign an agreement to use the same name, participate in chain promotions, and cooperate as

a unified system.
Business
1 answer:
Verdich [7]2 years ago
8 0

Independently owned and operated stores that are a member of a wholesaler-sponsored chain have agreed to use the same name, take part in chain promotions, and work together as a single system.

Unlike corporate chains, these are associations of individual retailers. In many nations, voluntary networks of retailers that participate in collective merchandising and bulk purchasing are common. Any retail establishment with two or more locations that is part of a chain and sells the same products under the same ownership. A significant portion of retail activities are carried out by chains in the Americas, western Europe, and Japan. Chain stores constitute the first successful application of large-scale integrated procedures to a form of retailing, together with the department store and the mail-order business.

To learn more about Contractual Basis here

brainly.com/question/28098935

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