In 2011, to establish itself in Canada, Target Corporation bought the struggling Zellers Inc. from Hudson's Bay Company with plans to spend over $1 billion converting 100 to 150 Zellers stores to Target stores within two to three years. What type of plan would Target have needed for this type of move?
A) short-range plan
B) forecasting plan
C) long-range plan
D) contingency plan
E) operational plan

Question

Quizplus · Accepted Answer

Converting 100 to 150 stores to Target stores would require long-term planning and investment, which is a characteristic of a long-range plan. This type of plan includes strategies and actions that will be implemented over a period of more than three years. Short-range plans typically cover a period of one year or less, forecasting plans involve predicting future trends, contingency plans are put in place to address unexpected events, and operational plans are focused on day-to-day activities.

In 2011, to Establish Itself in Canada, Target Corporation Bought