Outline the differences between chain stores and departmental stores.

For chain stores, prices are uniform in all branches while for departmental stores, each department sets its own price. Chain stores sell similar goods while departmental stores deal with different line of goods.

Explanation:

Department stores and chain stores are two different concepts. Department stores have a long history of offering a wide variety of goods for retail sale, while chain stores are retail outlets in various locations under the same brand and management.

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