Which of the Following Methods of Developing a Strategy Best

question 67

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 personnel of MP Foods Inc. suggested that the company should introduce an organic version of its gelato to cater to the needs of the increasing health-conscious population.
• C) The managers at Lyon Clothing Inc. formulated a strategy to tackle any increase 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:

Neuroconstructivist View

Theory of brain development emphasizing the following points: (a) biological processes and environmental conditions influence the brain’s development, (b) the brain has plasticity and is context dependent, and (c) the development of the brain and the child’s cognitive development are closely linked.

Biological Conditions

The state of living organisms and their processes, influenced by genetics, health status, and environmental factors.

Environmental Conditions

The state of the environment around us, including all living and non-living things that affect an organism's survival and development.

Plasticity

The capability of the brain to change and adapt in response to experience, learning, or injury.