Dave Is a Part of the Strategic Retail Planning Process

question 54

Multiple Choice

Dave is a part of the strategic retail planning process in his organization. He has defined the business mission. Which of the following steps is most likely Dave's next stage in the strategic planning process?

• A) Conduct a SWOT analysis.
• B) Evaluate performance and make adjustments.
• C) Develop a retail mix to implement strategy.
• D) Establish specific objectives and allocate resources.
• E) Evaluate strategic alternatives.

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Definitions:

Binary Numbers

A base-2 numeral system that uses only two symbols, typically 0 and 1, representing values using two different states.

Decimal Numbers

Numbers expressed in base 10, utilizing digits 0 through 9 for representing quantities.

Bits

The smallest unit of data in computing represented by a binary digit, either 0 or 1, used to encode digital information.