The Home Depot Is Following an Overall Strategy of Growth

question 39

Multiple Choice

The Home Depot is following an overall strategy of growth. It's the fastest-growing retailer in history, opening a new store every 43 hours. Which of the following actions is Home Depot NOT likely to use as it implements its strategy?

• A) The Home Depot will hire many employees in the near future.
• B) The Home Depot will increase its recruiting efforts.
• C) The Home Depot will offer early retirement to workers.
• D) The Home Depot will try to ensure that its current workers stay with the firm.
• E) The Home Depot will offer extensive training to its staff.

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Definitions:

Sponsorship

The support, typically financial, provided by an individual or organization to assist with an event, activity, person, or entity.

Type of Power

Refers to the various ways in which power can be expressed or wielded, such as through authority, persuasion, or force.

Expert Power

The influence one possesses as a result of one's experience, skills, or knowledge in a particular domain.

Authorities

Authorities are individuals or organizations that hold the power to make decisions, enforce rules, and govern within a certain area or domain.