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:
In the planning process for expanding its product range, what should ABC Retail Chain do after developing premises?
Option 1: Identifying various courses of action
Option 2: Evaluating alternative courses of action
Option 3: Setting objectives and goals
Option 4: Allocating resources
Correct Answer:
Identifying various courses of action
Solution : The correct answer is (a). Identifying various courses of action
Once the premises are established, the next logical step is to identify different courses of action or strategies that align with the assumptions made during the premises development. This step involves exploring various options for expanding the product range.
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