List the steps in the strategic retail planning process.
What will be an ideal response?
The following are the steps in the strategic retail planning process:
• define the business mission,
• conduct a SWOT analysis,
• identify strategic opportunities,
• evaluate strategic opportunities,
• establish specific objectives and allocate resources,
• develop a retail mix to implement the strategy, and
• evaluate performance and make adjustments.
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Ollie Company entered into a lease agreement with Costello, Inc, to lease an asset that cost Ollie $120,000 . The lease agreement requires five annual year-end rentals of $40,000 each. Ollie's implicit rate on the lease is 1 . percent. Ollie's dealer profit on this lease would be
a. $14,086 loss. b. $14,086 gain. c. $18,000 gain. d. $80,000 gain.
Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 500 units of inventory that cost $4.00 each. At a later date, the company purchased an additional 600 units of inventory that cost $5.00 each. If the company sells 800 units of inventory, what amount of ending inventory will appear on a balance sheet prepared immediately after the sale?
A. $1.350 B. $1,500 C. $3,800 D. $1,200
The National Environmental Policy Act is a federal statute which mandates that the federal government must ________
A) consider focusing on air and water pollution to the exclusion of other sources of pollution as these two modes of pollution have the greatest impact on human lives B) execute a complete ban on the commercial usage of the two hundred toxic substances identified as being harmful and polluting C) implement a zero-tolerance policy for all business activities that discharge waste products into water bodies D) consider the adverse impact a federal government action would have on the environment before the action is implemented
Describe the Antitrust Enforcement Assistance Act of 1994
What will be an ideal response?