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Question
Justify the following statement:
Chain store sell a limited range of goods.
Justify
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Solution
- Each branch of a chain store deals in the same commodity or in the same line of products.
- Chain stores can offer superior guidance and specialised support to clients because workers are well-trained in specific products.
- A limited range helps chain retailers improve inventory management, keeping stock levels consistent across branches and reducing transportation.
- Chain stores often brand themselves around specific products or product categories to attract customers shopping for those things.
- Chain retailers can buy in bulk and offer competitive pricing by focussing on a narrow product line.
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