Which of the Following Methods of Developing a Strategy Best

question 36

Multiple Choice

Which of the following methods of developing a strategy best illustrates scenario planning?

• A) Based on the previous year's profits, the CEO of Solva Inc. decided to adopt an expansion strategy in its home market.
• B) A sales person at MP Foods Inc. suggested that the company should introduce an organic version of its gelato to cater to the needs of the increasingly health-conscious population.
• C) The managers at Lyon Clothing Inc. formulated a strategy that is able to handle small to medium to large increases in the prices of cotton in the future.
• D) The CEO of BCT Inc., a large conglomerate, has decided to enter the South American market based on the competitor's success in the same market.

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Definitions:

Water

A colorless, tasteless, and odorless substance essential for most forms of life on Earth and a key resource in both household and industrial activities.

Florida

A U.S. state located in the southeastern region, known for its warm climate, beaches, and major attractions like Walt Disney World.

Excess Supply

Occurs when the quantity of a good or service supplied by producers exceeds the quantity demanded by consumers at a given price.

Supply

The total amount of a good or service available for purchase at any specified price.