Select all of the following which are aspects of chain stores. Diversified products and brands Central management Standardized business practices Limited locations

## Step 1<br />The question asks us to identify the characteristics of chain stores. Chain stores are a type of retail store that has multiple locations and is managed by a single organization. They are known for their standardized business practices, centralized management, and diversified products and brands.<br /><br />## Step 2<br />The first option, "Diversified products and brands", is a characteristic of chain stores. This is because chain stores often carry a variety of products and brands across different categories to cater to a broad customer base.<br /><br />## Step 3<br />The second option, "Centralized management", is also a characteristic of chain stores. This is because all the stores in a chain are managed by a central authority, which ensures uniformity in operations and decision-making across all locations.<br /><br />## Step 4<br />The third option, "Standardized business practices", is another characteristic of chain stores. This is because chain stores follow a standardized set of business practices across all their locations, which ensures consistency in customer experience and operational efficiency.<br /><br />## Step 5<br />The fourth option, "Limited locations", is not a characteristic of chain stores. In fact, chain stores are known for having multiple locations, which is why they are called "chain" stores. The term "chain" implies a series of interconnected stores, which is the opposite of having limited locations.