Lucas Enterprises recently opted to open a new retail outlet.If the outlet outperforms the expectations,the manager can opt to increase the store's size.If it underperforms,the manager can opt to close the store.These choices that the manager has been given are called:

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These choices are referred to as "managerial options" because they provide the management with the flexibility to adapt their strategies based on the performance of the retail outlet, similar to how financial options provide flexibility to investors.

Lucas Enterprises Recently Opted to Open a New Retail Outlet