Single-unit retailers have no inherent advantages over their chain store competitors,despite the fact that single-unit owners are often harder-working and more motivated.

Question

Quizplus · Accepted Answer

Single-unit retailers may have some advantages such as personalized customer service, flexibility in making decisions, and a stronger sense of community involvement. However, chain stores have advantages in terms of economies of scale, brand recognition, and access to resources. Therefore, it is not accurate to say that single-unit retailers have no inherent advantages over their chain store competitors.

Single-Unit Retailers Have No Inherent Advantages Over Their Chain Store