Why Is It Necessary for a Company to Have a Contingency

question 11

Essay

Why is it necessary for a company to have a contingency plan?

Identify examples of regulatory capture and its implications for economic policy.

Understand the process and effects of deregulation in various industries.

Describe the mechanisms through which government loan guarantees can impact economic outcomes.

Acknowledge the differences between the political process and the market in decision-making.

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Definitions:

Market Domination

When a company or product holds a predominant share of the market in terms of sales or customer loyalty.

Collaboration

The process of two or more people or organizations working together to complete a task or achieve a goal.

New Members

Individuals or entities that have recently joined a group, organization, or community.

Shared Beliefs

Common ideas or values accepted and held by a group or community, which can influence collective behavior and decision-making.