When the management of a large grocery store heard that Target 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

Contingency plans are developed to address potential threats or changes in circumstances. In this case, the potential entry of a competitor (Target) is the threat being addressed, requiring the development of contingency plans to maintain the store's competitive advantage.

When the Management of a Large Grocery Store Heard That