Scenario Planning Is a Useful Technique for Firms Competing in Industries

question 37

Multiple Choice

Scenario planning is a useful technique for firms competing in industries characterized by ________ and ________.

• A) predictability; stability
• B) low profit margins; stability
• C) unpredictability; change
• D) high profit margins; stability

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Definitions:

Honest

The quality of being truthful and free from deceit.

Knights of Labor

A 19th-century labor organization in the United States that aimed to protect and promote the interests of workers.

Working Conditions

The environment, terms, and circumstances under which an individual is employed, including hours, physical aspects, legal rights, and responsibilities.

Interpersonal Skills

Abilities that facilitate effective and positive communication and interaction with others, such as empathy, active listening, and conflict resolution.