One of the virtues of the percent-of-sales method is the precision of the estimate of future

Since all crises cannot be anticipated, it is not important that a retailer establish contingency plans for major potential crises

Indicate whether the statement is true or false

Which of the following is true of the first step in evaluating change outcomes?

A) Every type of data that can be collected should be collected. B) The benefits of the data should be weighed against the costs. C) Analysis of change effects based on insignificant data is often informative. D) Data should be collected at irregular intervals.