If a firm is building a hotel and plans for two grand opening dates, they are most likely engaged in
A) contingency planning.
B) crisis management.
C) investment reduction.
D) differentiation.
E) a SWOT analysis.

Question

Quizplus · Accepted Answer

Planning for two grand opening dates suggests that the firm has anticipated the possibility of unexpected events or challenges that could potentially delay the completion of the hotel. This is an example of contingency planning, which involves preparing for potential risks and uncertainties in order to mitigate their impact on the organization's operations.

If a Firm Is Building a Hotel and Plans for Two