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Match Each Term with the Appropriate Definition

question 6

Multiple Choice

Match each term with the appropriate definition.Not all definitions will be used.
-EPS

Grasp the concept of how retail and business layouts can promote customer browsing and flow within the business space.
Distinguish between various business locations and their strategic value.
Understand the importance of location in business strategy.
Analyze the impact of location factors on business operations and customer traffic.

Definitions:

Scenario Planning

A strategic planning method used to make flexible long-term plans based on the systematic examination of future potential events and their impacts.

Long-term Version

Long-term Version implies a perspective or plan that extends into the distant future, prioritizing sustainability, ongoing development, and the anticipation of future challenges and opportunities.

Contingency Planning

The process of preparing strategies to deal with unexpected events or emergencies that might affect an organization's operations.

Operational Plans

Detailed action plans that outline how a company’s strategic objectives will be achieved in the short term, specifying activities, resources, and timelines.

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