________ Planning Is a Part of Contingency Planning That Is

question 162

Multiple Choice

________ planning is a part of contingency planning that is used to deal with sudden and unexpected changes in the business environment.

• A) Crisis
• B) Tactical
• C) Operational
• D) SWOT

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Definitions:

Diminishing

Refers to the principle where increasing one input, while holding others constant, will eventually yield lower per-unit returns.

Long Run

In economics, a period in which all factors of production and costs are variable, and firms can enter or exit the market.

Resources Fixed

A situation in an economic model where the availability of resources is constant and unchanging over time.

Output Variable

A variable that represents the result or outcome of a process or model.