Which of the Following Is a Long-Term Version of Contingency

question 1

Multiple Choice

Which of the following is a long-term version of contingency planning?

• A) Benchmarking
• B) Scenario planning
• C) Forecasting
• D) Staff planning
• E) Operationalizing

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Definitions:

British Airways

A major international airline based in the United Kingdom, known for its global flight operations and extended network.

Core Competencies

Essential capabilities or advantages that a business has, which gives it a competitive edge over others in its industry.

Product Design

The process of creating a new product to be sold by a business to its customers, prioritizing functionality, appearance, and user experience.

Outsources

Outsourcing involves contracting out certain business processes or tasks to external providers, often to reduce costs and improve efficiency.