Question : Case Study: ABC Retail Chain (Continued)
In the planning process for expanding its product range, what should ABC Retail Chain do after identifying various courses of action?
Option 1: Evaluating alternative courses of action
Option 2: Identifying potential risks
Option 3: Setting objectives and goals
Option 4: Allocating resources
Correct Answer: Evaluating alternative courses of action
Solution : The correct answer is (a). Evaluating alternative courses of action
Evaluating alternative courses of action is often a crucial step, but not necessarily the immediate next one. Depending on the complexity of the expansion plan and the level of detail already explored in the identified courses of action. Evaluating alternative courses of action, if they have well-defined objectives and sufficient information to proceed.
Ultimately, the best path depends on the specific context and ABC's current stage in their product range expansion planning process.
Question : Case Study: ABC Retail Chain
In the planning process for expanding product range, what should ABC Retail Chain do after identifying various courses of action?
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:
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