Question : Case Study: ABC Retail Chain

ABC Retail Chain is a popular brand with multiple stores across the country. The company is planning to expand its product range and enter new markets to attract a wider customer base.

Question:

The importance of planning for ABC Retail Chain lies in:

Option 1: Restricting employee autonomy
 

Option 2: Enhancing decision-making process
  

Option 3: Limiting financial resources

Option 4: Ignoring external factors

Question : Case Study: ABC Retail Chain

ABC Retail Chain is a popular brand with multiple stores across the country. They are planning to expand their product range by adding organic and eco-friendly products.

Question:

The importance of planning for ABC Retail Chain in expanding their product range includes:

Option 1: Enhancing the decision-making process
    

Option 2: Limiting financial resources
 

Option 3: Ignoring external factors

Option 4: Restricting employee autonomy

Question : Case Study: ABC Retail Chain

ABC Retail Chain is a popular brand with multiple stores across the country. The company is planning to expand its product range and enter new markets to attract a wider customer base.

One of the characteristics of effective planning that ABC Retail Chain should focus on is:

Option 1: Lack of flexibility
 

Option 2: Ambiguous objectives
   

Option 3: Measurable and specific goals

Option 4: Ignoring external opportunities

Question : Case Study: ABC Retail Chain

ABC Retail Chain is a popular brand with multiple stores across the country. The company is planning to expand its product range and enter new markets to attract a wider customer base.

Question:

The type of plan that ABC Retail Chain needs to develop for their expansion is:

Option 1: Tactical plan
  

Option 2: Strategic plan
 

Option 3: Contingency plan

Option 4: Operational plan

Question : Case Study: ABC Retail Chain

ABC Retail Chain is a popular brand with multiple stores across the country. The company is planning to expand its product range and enter new markets to attract a wider customer base.

What is the first step ABC Retail Chain should take in the planning process for its expansion?

Option 1: Setting objectives and goals
  

Option 2: Identifying potential risks
   

Option 3: Allocating resources

Option 4: Evaluating alternatives