In 2004, The Athlete's Foot, a sporting goods store, was in financial trouble because it was totally out of touch with its customers. Upcoming changes in the retailer's method of doing business included a fresh new logo, a new apparel line launch and an in-store design and merchandising overhaul. The new look for the stores will allow franchisees to tailor the product mix to target four different
core customer groups: hard-core jocks (performance), urban trendsetters ("street sports"), the skater crowd ("fusion") and Abercrombie-clad suburbanites ("classic athletic"). This dramatic change in how the stores will conduct business is an example of:
a. task interdependence
b. empowerment
c. behavioral informality
d. reengineering
e. benchmarking
D
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The costs of organizing a corporation include legal fees, fees paid to the state of incorporation, fees paid to promoters, and the costs of meetings for organizing the promoters. These costs are said to benefit the corporation for the entity's entire life. These costs should be
a. capitalized and never amortized. b. capitalized and amortized over 40 years. c. capitalized and amortized over 5 years. d. expensed as incurred.
The rents that comprise an annuity due earn no interest during the period in which they are originally deposited.
a. true b. false