Riveras, a Chain of Discount Stores, Utilized the Best Retailing

question 110

Multiple Choice

Riveras, a chain of discount stores, utilized the best retailing strategies of another successful retail chain to create a market for itself. By learning from the retail chain, Riveras has used _____.

• A) qualitative forecasting
• B) quantitative forecasting
• C) scenario planning
• D) external benchmarking
• E) internal benchmarking

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Definitions:

Short-Term Plans

Strategies or objectives set to be achieved in the immediate future, typically within a year.

Long-Term Plans

Strategic plans developed to achieve goals and objectives over an extended period, typically beyond five years.

Flexible Spending Account

A pre-tax benefit account used by employees to pay for eligible healthcare expenses, reducing their taxable income.

Managed Care

A healthcare delivery system aimed at managing cost, quality, and utilization of services by contracting with specific providers and implementing guidelines for treatment.