Which of the following statements regarding corporate chains is most accurate?
A) Corporate chains usually avoid using centralized decision-making.
B) Corporate chains generally own most if not all of their suppliers so they do not have to negotiate for price.
C) Consumers have fewer choices in merchandise since all buying decisions are made unilaterally.
D) Corporate chains offer the least benefit to consumers since they are the farthest removed from the ultimate consumer.
E) Corporate chains are multiple outlets under common ownership.

Question

Quizplus · Accepted Answer

The statement that best describes corporate chains is that they are multiple outlets under common ownership. This means that there are several stores or locations that are owned and operated by the same company. The other options are incorrect:

A) Corporate chains often utilize centralized decision-making to ensure consistency across multiple locations.

B) While some corporate chains may own suppliers, it is not a universal trait and negotiating for price is still a common practice.

C) Consumers may have fewer choices in a corporate chain compared to a non-chain store, but this is not due to unilateral buying decisions.

D) Corporate chains exist to benefit consumers through economies of scale and consistency in offerings.

Which of the Following Statements Regarding Corporate Chains Is Most