ADVANTAGES AND DISADVANTAGES OF CHAIN STORES
Advantages of chain stores They buy goods in large scales which enables them to obtain good trade discounts. The cost of running a chain store is controlled and managed at the head office. The headquarters advertises on behalf of the branches Slow-moving goods in one branch cab be transferred to another branch where demand for them is higher The identical sold by chain stores and the similar shop fronts and window displays publicize the business Chan stores serve a wider market because they are spread all over the country Goods are sold on cash basis, hence reducing the cost of managing bad debts Disadvantages of chain stores Large amount of capital are required to run a chain store People tend to shy away from buying identical products such as clothes Chain stores do not offer credit facilities, except those operating exclusively on hire purchase scheme Lack of personal touch with customers RELATED POSTS 9 CONDITIONS FAVOURING IRRIGATION FARMING IN EGYPT 5 CAUSES OF RURAL-RURAL ...