Question : Case Study: ABC Retail Chain (Continued)
The next step ABC Retail Chain should take after evaluating alternative courses of action is:
Option 1: Selecting an alternative
Option 2: Developing premises
Option 3: Setting objectives and goals
Option 4: Allocating resources
Correct Answer: Selecting an alternative
Solution : The correct answer is (a). Selecting an alternative
Once ABC Retail Chain has evaluated the various courses of action, the next logical step is to select the most appropriate alternative based on the evaluation criteria. This involves making a decision and choosing the specific approach or plan that aligns with the company's goals and overall strategic objectives for expanding its product range.
College Comparison based on Courses, Placement, Rank, Fee
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
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile