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
Correct Answer: Enhancing decision-making process
Solution : The correct answer is (b) Enhancing decision-making process
Effective planning is crucial for enhancing the decision-making process within an organization. Planning provides a structured approach to setting objectives, identifying strategies, and allocating resources, which in turn facilitates informed decision-making. By having a well-thought-out plan, ABC Retail Chain can make better decisions regarding its expansion, product range, market entry, and overall business strategy.
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
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
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
What is the first step ABC
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