A major advantage of the use of strategic planning by a retailer is that _____.
A)crises are anticipated and often avoided
B)it focuses mostly on controllable factors
C)it focuses mostly on uncontrollable factors
D)inventory needs and stock on hand are balanced

Question

Quizplus · Accepted Answer

Strategic planning helps anticipate and prepare for crises, minimizing their negative impact on the business. It does not focus solely on controllable or uncontrollable factors, but rather considers both. Balancing inventory needs and stock on hand is also an important aspect of strategic planning, but not necessarily the major advantage.

A Major Advantage of the Use of Strategic Planning by a Retailer