When a company generates multiple forecasts of future conditions followed by an analysis of how to respond effectively to each of those conditions, this is known as:
A)global planning
B)corporate-level planning
C)scenario planning
D)business-level planning
E)all of these choices are incorrect

Question

Quizplus · Accepted Answer

This is known as scenario planning, which involves creating multiple possible scenarios for the future and developing strategies to effectively respond to each scenario. It is often used in corporate-level planning and global planning as a way to anticipate and prepare for potential challenges and opportunities in the market. Business-level planning typically focuses on more specific and immediate goals and strategies.

When a Company Generates Multiple Forecasts of Future Conditions Followed