What Activity Is Defined as Having Alternative Plans That Can

question 85

Multiple Choice

What activity is defined as having alternative plans that can be put into effect if certain key events do not occur as expected?

• A) Corporate agility
• B) Scenario planning
• C) Strategy evaluation
• D) Contingency planning
• E) Forecasting

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Definitions:

PEST Analysis

A strategic management tool used to evaluate the Political, Economic, Social, and Technological external factors affecting an entity.

Sociocultural Factors

Sociocultural factors are the social, cultural, and environmental influences that affect individuals' behaviors, attitudes, and preferences, impacting societal norms and individual interactions.

Technological Factors

Aspects related to innovations, inventions, and technological advancements that can affect the operations, opportunities, and threats to a business.

Work Permit

An official document granting a foreigner the permission to take employment in a country other than their own.