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
Correct Answer: Measurable and specific goals
Solution : The correct answer is (c) Measurable and specific goals
Measurable and specific goals are crucial in effective planning because they provide clarity and allow for objective evaluation of progress. When goals are measurable, it means there are clear criteria for assessing whether the objectives have been achieved. Specific goals provide a detailed and unambiguous description of what needs to be accomplished, leaving little room for confusion or misinterpretation.
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
What is the first step ABC
The type of plan that ABC
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