2.3.2.1 Store Retailers A
Completion requirements
An independent store is a small, independently-owned store. The neighbourhood "Mom and Pop" convenience store fits this category.
A chain store is part of a larger organization (e.g., 7-11). The ownership of more than one chain of retail stores by a single organization is referred to as portfolio retailing. For example, PepsiCo owns KFC® and Taco Bell®.
A chain store is part of a larger organization (e.g., 7-11). The ownership of more than one chain of retail stores by a single organization is referred to as portfolio retailing. For example, PepsiCo owns KFC® and Taco Bell®.
A franchise is owned and
operated by an individual, but the name is owned by a large corporation
(e.g., McDonald's®). Both the storeowner and the organization are
subject to specific terms outlined in a franchise contract.