Chain Stores follow ___ merchandise system and strategies of sale.
Identical
Different
Detailed
None of the above
Chain stores follow identical merchandise system
The following selected transactions were given by the Adams Company: Sept.16: Sold merchandise on account to the Foster Company, sales invoice no. 1032, Rs 3,742. Sep 20: Sold merchandise on account to the King Company, sales invoice no. 1033, Rs 8,950. Sep 25: Sold merchandise on account to Zimmer Company, sales invoice no. 1034, Rs 173. Sep 27: King Company returned Rs 982 of merchandise relating to sales invoice no. 1033; What shall be the total of sales book as at 30th Sep?
Chain Stores sell identical products with identical pricing.
Explain the difference between a Departmental store and Chain store.