Which of the following is true of scenario analysis?
A) It helps in formulating a solution for a future problem.
B) It is primarily used to solve current problems with existing products in the market.
C) It focuses on the problems that competitors are aware of.
D) It primarily involves watching customers using products in their own environments.

Question

Quizplus · Accepted Answer

Scenario analysis is a technique used to anticipate possible future events and situations that may impact a business or organization. The purpose is to prepare for possible future problems and to formulate effective solutions in advance. It is not primarily used for solving current problems with existing products in the market, nor does it focus on competitors' problems or involve watching customers using products.

Which of the Following Is True of Scenario Analysis