When the Management of a Large Grocery Store Heard That

question 29

Multiple Choice

When the management of a large grocery store heard that Walmart might be coming to town, they developed alternative courses of action they could take if their competitive landscape changed. What type of plan did they develop?

• A) Strategic
• B) Objective
• C) Contingency
• D) Tactical
• E) Operational

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Definitions:

Processed Further

A term used to describe additional operations or processing a product undergoes beyond the initial stages of production to enhance its value.

Financial Advantage

The benefit gained by a company or individual from financial actions or investments, which may include increased income, reduced costs, or other monetary gains.

Joint Process

A manufacturing operation that simultaneously produces multiple products from a single raw material input.

Split-off Point

In a manufacturing process, the stage at which multiple products are generated from a common input, and each can be independently processed or sold.