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A business chain, or just '''chain''', is a network of physical business locations, which all provide similar services or products, and share a Brand . A Retail Chain is a type of business chain. They inevitably also share some degree of Central Management , Supply Chains , training programs, personnel, etc. They tend to either be parts of a single company or Franchises , in which individual store owners license the use of the shared brand, training, and know-how. Chains of both main sorts tend to make purchases and licensing agreements as a single entity. Exceptions to these generalizations include Steve's Pizza in New York. Even two stores or restaurants or businesses owned by the same person or group can constitute a local chain. Some large chains -- McDonald's , for instance -- are among the largest retail businesses in the world. |
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