Strategic Planning

Strategic planning:

A) requires a short-term commitment of resources by the retailer.
B) is concerned with maximizing the efficiency of the retailer's use of resources and with how the retailer converts these resources into sales and profits.
C) involves managing the buying and handling of merchandise, pricing, advertising and promotion, customer services and selling, and facilities.
D) is concerned with how the retailer responds to the environment in an effort to establish a short-term course of action.
E) involves adapting the resources of the firm to the opportunities and threats of an ever-changing retail environment.