Which of the Following Steps Is Typically the Next Step

question 38

Multiple Choice

Which of the following steps is typically the next step after evaluating strategic opportunities in the strategic retail planning process?

• A) Establishing specific objectives
• B) Developing a retail mix
• C) Evaluating performance
• D) Defining the business mission
• E) Conducting a SWOT analysis

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Definitions:

Labor

The physical and mental effort used to produce goods and services.

Human Creations

Innovations, artworks, processes, and inventions that result from human imagination and intellect.

Capital

Resources made and used by people to produce and distribute goods and services, including buildings, machinery, and equipment.

Entrepreneurial Ability

The imagination required to develop a new product or process, the skill needed to organize production, and the willingness to take the risk of profit or loss