chain - definition in the Business English Dictionary - Cambridge Dictionaries Online (US)

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English definition of “chain”

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chain

noun [C]
 
 
/tʃeɪn/
COMMERCE a group of similar businesses, such as restaurants or hotels, which are all owned and controlled by the same organization: hotel/supermarket/fast-food chain The well-known fast-food chain has expanded to over 20,000 restaurants in 17 countries. chain restaurants/stores/retailers a chain of supermarkets/bookstores/department stores
a system of people, processes, or organizations that work together in a particular order: This unit examines the stages in the chain of production of tea, from the leaves in Sri Lanka to the cup in the UK.chain of command/power/authority Employee complaints were taken all the way up the corporate chain of command.
UK PROPERTY a situation in which someone cannot complete the sale of their house because the person who wants to buy it needs to sell their house first: Some house sellers refuse to exchange contracts with buyers who are in a chain
→  See also distribution chain , production chain , supply chain , value chain
(Definition of chain from the Cambridge Business English Dictionary © Cambridge University Press)
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