What is the most accurate definition of the term corporate chain?
A. retailer-sponsored groups formed by independent retailers that run their own buying organizations and conduct joint promotion efforts
B. franchisors who develop good marketing strategies and who carry out the strategy in their own units
C. wholesaler-sponsored groups that work with "independent" retailers
D. a firm that owns and manages more than one store
E. a firm that owns a single store but operates through multiple franchisors
Answer: D
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