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
This involves making a decision on which approach aligns best with the company's objectives, goals, and overall strategic plan for expanding its product range. Selecting an alternative sets the direction for further planning activities, including developing premises, setting specific objectives and goals, and allocating resources accordingly. Making a well-informed decision at this stage is crucial for the successful execution of the chosen course of action.
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