NCERT · Class 11 · Business Studies · Internal TradeChain stores or multiple shops are characterized by:
Step-by-Step Solution
Chain stores are a network of retail shops owned and operated by an organization, selling similar and standardized goods at identical prices.
Detailed Options Breakdown
Option : Selling different unstandardized goods at varying prices
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Internal Trade.
Option 1: Selling similar and standardized goods at identical prices across locations (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Being owned by independent uncoordinated individual merchants
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Internal Trade.
Option 3: Operating only through door-to-door selling
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Internal Trade.
💡 Study Guide: This question tests core syllabus concepts from Internal Trade. For formulas, key summaries, and mock exam reference guides, read the full Internal Trade Revision Notes.