A Retailer Compares Its Actual Performance Against Potential Performance and Then

question 61

Multiple Choice

A retailer compares its actual performance against potential performance and then determines the areas in which it must improve.This illustrates ________.

• A) gap analysis
• B) variance analysis
• C) benchmarking
• D) strategic planning

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Definitions:

Performance

Refers to how well an individual, group, or entity carries out assigned tasks or duties.

Peer Pressure

The influence exerted by a peer group, encouraging individuals to change their attitudes, values, or behaviors to conform to group norms.

Participation

The active involvement of individuals or groups in decision-making processes or activities that affect them.

Self-Efficacy

An individual's belief in their own ability to complete tasks and reach goals, influencing their approach to challenges and perseverance.