Retail Planning (Scenario) Tarek Is President and CEO of a Retail Chain That

question 138

Multiple Choice

Retail Planning (Scenario)
Tarek is president and CEO of a retail chain that is about to begin operations in numerous major cities across the Arab region. The stores will sell home furnishings that are considered moderately priced for the average- income buyer. During the last few months he has been working to lay out directions for the managers of the stores. Tarek and his vice presidents have decided that each store should have sales equal to or greater than $100 per square meter per day. To attract an adequate number of customers, the store should be well maintained both inside and out.
-Tarek's goal for each store of $100 per square meter per day has several of the characteristics of a well- designed goal. First, it is written in terms of outcomes and not actions. Second, this goal is measurable and quantifiable. What else can Tarek do to improve the design of this goal?

• A) Communicate this goal to every single employee of the organization.
• B) Ensure that the goal is attainable.
• C) Make certain it will be achieved easily.
• D) Specify a time frame for achieving this goal.

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Definitions:

Holder in Due Course

A legal term referring to a party who has acquired a negotiable instrument in good faith and without notice of any defects.

Security Interest

A legal right or hold on assets that have been pledged as security, typically for the purpose of ensuring loan repayment.

Lien

A lien is a legal right or claim against a property by a creditor, securing the payment of a debt or the performance of some obligation.

Negotiable Instrument

A document that promises the payment of a certain sum of money, either upon request or at a predetermined time, with the name of the individual responsible for paying included on the document.