The Retailing Concept Is Comprised of ________

question 60

Multiple Choice

The retailing concept is comprised of ________.

• A) objectives, implementable actions, feedback, and strategy adjustment
• B) short- and long-term objectives, organization mission, and the development of a competitive defensible strategy
• C) customer orientation, coordinated effort, value-driven, and goal orientation
• D) niche strategy, cost leadership, and focus

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Definitions:

Appraisal

An evaluation, usually by an expert, to determine the value of a property or asset.

Quality Cost Report

A report that details prevention costs, appraisal costs, and the costs of internal and external failures.

Purchasing Department

A division within a company responsible for acquiring goods, services, and materials needed for its operations.

Balanced Scorecard

An integrated set of performance measures that are derived from and support the organization’s strategy.