A group of retailing shops under one management and selling then same products is known as?
Question 1 Report
A group of retailing shops under one management and selling then same products is known as?
Answer Details
The term used to describe a group of retail shops under one management and selling the same products is "chain store" or "multiple shop". This means that the shops are owned and managed by the same company and offer similar goods or services across multiple locations. The purpose of having chain stores is to increase the reach and efficiency of retail operations, by consolidating management, logistics and marketing efforts. This can also allow for better economies of scale, which can lead to lower costs and potentially lower prices for consumers.
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