Victorinox is the name of the company that manufactures Swiss army knives.As a result of new regulations governing what passengers could carry with them on airplane trips, the company has lost 30 percent of its business.In other companies, this might have led to business failure, but because Victorinox had _____ plans, it was able to continue to operate profitably.

Question

Quizplus · Accepted Answer

Contingency plans are strategies that businesses develop to deal with potential challenges or unexpected events, which in this case allowed Victorinox to adapt and continue operating profitably despite losing a significant portion of its business.

Victorinox Is the Name of the Company That Manufactures Swiss