Forge Right Inc., a manufacturing company, developed a strategic plan that assumed improved growth in its industry. Additionally, it generated several ________ for different economic settings. When a recession started, Forge Right Inc. quickly implemented the plan based on those conditions. As a consequence, it survived more easily than other firms in the industry.
A) financial reports
B) annual reports
C) roadmaps
D) projection statements
E) scenarios

Question

Quizplus · Accepted Answer

Forge Right Inc. generated several scenarios for different economic settings, which suggests that the company created various potential outcomes and plans for how to handle them. In this case, when the recession occurred, the company was able to quickly implement a pre-developed plan that helped it survive. None of the other answer choices specifically refer to generating plans or potential outcomes for future situations.