Contingency Planning Is Conducted in _____

question 83

Multiple Choice

Contingency planning is conducted in _____.

• A)benchmarking
• B)opportunity cost analysis
• C)scenario analysis
• D)gap analysis

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Definitions:

Derived Demand

Derived demand occurs when the demand for a good or service arises from the demand for another good or service.

Demand for New Houses

The consumer interest and willingness to purchase newly constructed homes, influenced by factors such as economic conditions, interest rates, and population growth.

Construction Workers

Individuals engaged in the physical labor and building of infrastructure, buildings, and other construction projects.

Price of a Resource

The amount of money required to obtain a specific resource, encompassing goods, services, or commodities.