Sales this year at Donna's Pawn Shop have been high, and based on several factors, Donna projects next year's sales to also be good. However, even with her forecast of continued strong sales, Donna and her business partner need to develop a plan in case sales drop unexpectedly. ________ is the type of planning for alternative future conditions.
A. Background planning
B. Trend analysis
C. A vision plan
D. Contingency planning
E. A managerial pact
D. Contingency planning
Contingency planning, also known as scenario planning and scenario analysis, is the creation of alternative hypothetical but equally likely future conditions.
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A) an unfocused value proposition B) a higher pressure for short-run results C) an above-average profit performance D) a low rate of customer turnover E) a high level of customer loyalty
Location-independent sharing of data centers hosting IT servers over the internet is called ______________________________
Fill in the blank(s) with correct word
At a hotel, long lines pile up at check-in and check-out each day. What is the best strategy for handling those lines?
a. close the doors b. add capacity c. arrange demand d. do nothing; simply allow lines to form
Condition precedent refers to a condition that requires the occurrence of an event before a party is obligated to perform a duty under a contract
Indicate whether the statement is true or false