During __________, Managers Identify Important Factors in the Environment and Then

question 121

Multiple Choice

During __________, managers identify important factors in the environment and then forecast a range of alternative responses to the most likely high-impact contingencies, focusing on the worst case.

• A) crisis planning
• B) scenario building
• C) contingency planning
• D) strategy mapping
• E) management by means

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Definitions:

Business Organization

Refers to the structure and mechanisms through which a business operates and is governed, including sole proprietorships, partnerships, and corporations.

Life Expectancy

The average number of years a person is expected to live, based on statistical averages for a particular population or region.

Creative Destruction

a concept in economics which suggests that new innovations continually destroy old industries or practices, making way for new growth and advancements.

U.S. Business

Refers to commercial, industrial, or professional activities conducted within the United States aimed at generating profit or economic growth.