« previous next »

Author Question: What is scenario planning? What will be an ideal response?[br][br][b][color=gray]Question ... (Read 82 times)

09madisonrousseau09

  • Hero Member
  • *****
  • Posts: 559
on: Jul 6, 2018
What is scenario planning?
 
  What will be an ideal response?

Question 2

A firm's alliances formed with other businesses to achieve mutually beneficial goals is a(n)
 
  A) personal network.
  B) advisory board.
  C) board of directors.
  D) business network.


bblaney

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 6, 2018
Answer to Question 1

Scenario planning is also known as contingency planning. Scenario planning identifies different future scenarios and spells out what to do in each scenario. This helps managers deal with uncertainty by anticipating what may happen in the firm  though the future cannot be accurately forecast with certainty.

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Patients who have been on total parenteral nutrition for more than a few days may need to have foods gradually reintroduced to give the digestive tract time to start working again.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Question Above Question Above
Additive Color Mixing Additive Color Mixing
How to setup and solve a half-life problem using a table of values (Question 1) How to setup and solve a half-life problem using a table of values (Question 1)
Clock Trig Question Clock Trig Question
economic question economic question
Respiratory response to increased activity levels Respiratory response to increased activity levels
Video: Role of complement proteins

For a complete list of videos, visit our video library