Retail chains

Retail chains are groups of stores that operate under the same brand and offer similar products or services. These stores are usually owned by a single company, which manages everything from marketing and pricing to inventory. Retail chains benefit from economies of scale, allowing them to offer competitive prices due to their larger purchasing power. Common examples include grocery stores, clothing brands, and electronics outlets. They provide convenience and consistency for consumers, who can expect similar experiences regardless of which location they visit. Examples include Walmart, Target, and Starbucks.