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?

Option 1: Evaluating alternative courses of action
  

Option 2: Identifying potential risks
 

Option 3: Setting objectives and goals

 

Option 4: Allocating resources


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 13th Jan, 2024

Correct Answer: Setting objectives and goals


Solution : The correct answer is (c). Setting objectives and goals

Setting clear objectives and goals is a crucial step in the planning process. Once ABC Retail Chain has identified different courses of action, it needs to define what it aims to achieve with the expansion of its product range. Establishing objectives and goals provides direction and purpose to the planning process, guiding the allocation of resources, identification of potential risks, and the overall implementation strategy. Setting objectives and goals helps ensure that the chosen course of action aligns with the company's strategic vision and desired outcomes.

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