Strategic Planning in Retailing _____

question 58

Multiple Choice

Strategic planning in retailing _____.

• A)can be practiced by both small and large retailers
• B)requires computer-based marketing research and accounting systems to be successfully implemented
• C)should focus on short-run profits
• D)requires a high risk-taking philosophy to succeed

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Definitions:

Administrative Expenses

These are the expenses that an organization incurs not directly tied to a specific function such as manufacturing, production, or sales. These expenditures are related to the organization's overall operations and management.

Journal Entry

A record in accounting that represents a transaction and its effect on various accounts, used to capture financial activities in the books.

Sacred Church

A term not typically used in finance or accounting; it likely refers to a religious institution considered holy or consecrated.

Life Insurance Receivable

An asset representing the amount due to a beneficiary upon the death of the insured person, or the cash value of a policy owned by a company.