Voluntary chain is a group of independently owned grocery stores that band together to share resources and increase buying power.
A collection of stores or a chain of stores that collaborate without a formal contract in order to save money on things like advertising and buying.
Department stores, grocers, limited-edition variety shops, ready-to-wear clothing retailers like the Gap, and pharmacies have had the strongest chains. A lot of banks, hotels, and movie theaters are chains as well.
When a chain is corporately owned, all of the stores or units are owned by the main company. Each unit's profits or losses belong to the corporation, which manages day-to-day operations.
Simply, a parent corporation owns each site of a chain business. With a franchise, various stores or branches are owned by various people who are solely in charge of running the business every day.
Learn more about Voluntary chain, here
https://brainly.com/question/29216157
#SPJ1
