The use of scenario analyses can be helpful for small business when it identifies significant changes that might impact the business.

Question

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Scenario analyses can help small businesses anticipate and prepare for potential changes in the market, industry, or economy that could either positively or negatively impact their operations. By considering various scenarios, small business owners can make more informed decisions, develop contingency plans, and adapt their strategies accordingly.

The Use of Scenario Analyses Can Be Helpful for Small