Hi GoodGuy,
First off, a 700/Q50 is an outstanding score (it's right around the 90th percentile overall), so you can comfortably apply to any Business Schools that interest you. As such, a retest is probably not necessary. Depending on the Schools that you plan to apply to, you would likely find it beneficial to speak with an Admissions Expert about your overall profile. There's a Forum full of those Experts here:
http://gmatclub.com/forum/ask-admission
...
First off, a 700/Q50 is an outstanding score (it's right around the 90th percentile overall), so you can comfortably apply to any Business Schools that interest you. As such, a retest is probably not necessary. Depending on the Schools that you plan to apply to, you would likely find it beneficial to speak with an Admissions Expert about your overall profile. There's a Forum full of those Experts here:
http://gmatclub.com/forum/ask-admission
...
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