In 2011,in an effort 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 within two to three years is a long-term goal that requires a long-range plan. This type of plan would look at the company's overall vision and strategy for expanding into Canada and include detailed steps and timelines for achieving this goal. Short-range plans and operational plans would not suffice as they focus on day-to-day operations and short-term goals. Forecasting plans would aid in predicting future demand, but they do not provide the detailed steps required for converting the stores. A contingency plan would only come into play if there were unforeseen circumstances or setbacks in the plan.

In 2011,in an Effort to Establish Itself in Canada,Target Corporation