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:

Incorrect Majority

The phenomenon where a group wrongfully influences an individual or minority to conform to a mistaken or inaccurate viewpoint.

Groupthink

A mental effect experienced by a group, where the pursuit of agreement or uniformity leads to illogical or inefficient outcomes in decision-making.

Irving Janis

A psychologist best known for his research on group dynamics, including the concept of "groupthink."

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity in the group results in an irrational or dysfunctional decision-making outcome.