- chain chain [tʆeɪn] noun [countable]1. a number of shops, hotels, cinemas etc owned or managed by the same company or person:
• Britain's leading supermarket chainchain of
• a chain of travel agents.2. a series of people or organizations involved in different stages of the same activitythe series of organizations that are involved in passing products from manufacturers to the public:
• There are price advantages to be gained when middlemen, or retailers, are by-passed in the chain of distribution.
• During the different stages in the supply chain, distributors and suppliers frequently have conflicting goals.1. how each department in a company adds to the value of the goods or services produced:
• We need to be aware of the complete value chain for the company's products and how investment will improve each part.2. how each company in a group of companies who are all involved in producing a particular product or service adds to its value — see also daisy chain
* * *chain UK US /tʃeɪn/ noun [C]► 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.»
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
Financial and business terms. 2012.