Wal-Mart
Wal-Mart, the world's largest retailer by revenue, announced that it will get back to its founder's roots by initiating more price cuts. Critics claimed that the giant was getting away from its original focus because it posted relatively high gross profit margins. CEO Mike Duke assuaged critics by saying Wal-Mart's $400 billion in sales will become even larger because the price cuts will attract more customers and it will lower its costs of goods sold.
-Refer to Wal-Mart. In terms of ownership,Wal-Mart would be classified as a(n):
A) independent retailer
B) chain store
C) franchise
D) discount store
E) department store

Question

Quizplus · Accepted Answer

Chain stores are owned and operated as a group by a single organization. While Wal-Mart is a discount store,in terms of ownership,it is a chain store.

Wal-Mart Wal-Mart, the World's Largest Retailer by Revenue, Announced That It