When the management of a large grocery store heard that Walmart might be coming to town, they developed alternative courses of action they could take if their competitive landscape changed. What type of plan did they develop?
A) Strategic
B) Objective
C) Contingency
D) Tactical
E) Operational

Question

Quizplus · Accepted Answer

The plan developed by the grocery store management is a contingency plan that outlines alternative actions they could take if their competitive landscape changes due to the arrival of Walmart. Contingency plans are developed to address future events that are uncertain or unpredictable, and they provide a framework for actions to be taken in response to those events.

When the Management of a Large Grocery Store Heard That