Centralized decision making is a major characteristic of which form of retail institution?

Question

Quizplus · Accepted Answer

Chains are characterized by a centralized decision-making structure where major decisions, such as product selection and pricing, are made by the corporate headquarters rather than individual store managers. Independent retailers, retail cooperatives, and vertical marketing systems may have decentralized decision-making structures where individual members or store managers have more autonomy in decision-making.

Centralized Decision Making Is a Major Characteristic of Which Form