Some of the important features of chain stores are given below:
(i) Location: These shops are located in fairly populous locality to serve the customers at a point which is nearest to their residence.
(ii) Centralized manufacturing : The manufacturing/ procurement of merchandize for all the retail units is centralized at the head office.
(iii) Supervision by Branch Manager : Each retail unit works under the supervision of branch manager who sends daily reports to the head office in relation to cash deposites requirement of stock, etc.
(iv) Pricing policy : The prices of goods in such shops are fixed and uniform for all the units and sales are made on cash basis.
List out major affiliated bodies of the World Bank.