AExplain How the Use of Prototype Stores Can Result in Significant

question 61

Short Answer

a.Explain how the use of prototype stores can result in significant improvements in productivity.
b.What are the risks that are inherent in the use of prototype stores?

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Definitions:

Degree of External Competition

The extent of competition that a business faces from other companies within the same industry or market.

Operational Growth

The expansion of a company's operational capacity, often leading to increased output, efficiency, or market share.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.

Business Planning

The process of creating a detailed plan outlining a company's goals, strategies, resources, and projected financial performance over a certain period.