Strategic Planning in Retailing ________

question 10

Multiple Choice

Strategic planning in retailing ________.

• A) can be practiced by both small and large retailers
• B) requires a comprehensive computer-based marketing information system to be properly implemented
• C) should focus on short-run opportunities
• D) requires the use of planning specialists with MBA degrees to succeed

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Definitions:

Complex Adaptive Systems

Systems composed of interacting, adaptive agents able to respond to changes in their environment in a complex, non-linear way.

Ethical Climates

Refers to the pervasive beliefs and values within an organization that guide individual and group behavior in ethical dimensions.

Profit Motives

The driving force behind business activities focused on achieving financial gain and maximizing earnings relative to costs.

Task Structures

Refers to the ways tasks are organized, managed, and executed within workgroups or organizations, affecting efficiency and outcomes.