Question

Hodecathon, a large company that sells home décor, makes investments in four handicraft stores that supply handicrafts to the company. depending on the return that hodecathon gets on these investments, the company plans to buy the most profitable store. in this scenario, hodecathon is most likely using _____.

Answer 1

In this scenario, Hodecathon is most likely using option-based planning.

Hodecathon is making decisions based on what happens in their other stores for future ones. They are keeping their options open and developing plans based on different outcomes. It's hard work to plan a successful launch of products and stores so they are being realistic and smart with each decision that is made.