As a result of the great success of corporate chains,many independent stores chose to band together in one of two forms of contractual associations: a voluntary chain or a(n)________.

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A retailer cooperative is an organization in which independent retailers come together to form a collective buying group that negotiates discounts on purchasing and marketing. This allows independent stores to maintain their autonomy and still compete with larger corporate chains. A voluntary chain is similar, but the stores operate under a common name and have standardized operations, while a retailer cooperative allows for more flexibility in operations and branding. The other options listed do not relate to contractual associations formed by independent stores.

As a Result of the Great Success of Corporate Chains,many