Question

If the manager at Walmart puts a sign up next to a Sony television that reads, "Only $199.99! $58.01 less than Best Buy," this is an example of what type of pricing strategy?

A. Comparison discounting

B. Random discounting

C. Everyday low prices

D. Penetration discounting

E. Periodic discounting

Answer 1

Operational strategies focus on the improvement of the existing strategic structure of an organization. Operational procedures play a significant role in executive decision-making. Primary goals of the operational plan are as follows:
· Guidance and direction: Operational strategies guide the decision-making process of an organization. It authenticates whether the executive decision is right or wrong. It leads to operational decision-making towards a direction that can ensure profitability to the organization.
· Facility planning: Operational strategies decides a sequential plan for the organization that provides a better facility to the company. It encourages facility planning that helps to coordinate organizational development.
· Employee motivation: Operational strategies motivate employees to perform in a better way that ensures both individual and collective development.
Examples of strategic decisions are as follows:
· Taking decisions for strengthening the quality of goods and services
· Arranging training session for employee skill development
· Restructuring the supply chain management of the organization for better service coordination.