If expansion to Eastern Europe does not materialize,Widget,Inc.'s backup plan is to expand to South America.This backup plan is an example of

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The backup plan to expand to South America is an example of a contingency plan, which is a plan created to address unexpected events or situations that may require an alternative course of action. If the original plan to expand to Eastern Europe falls through, the company has a contingency plan in place to still pursue expansion in another region.

If Expansion to Eastern Europe Does Not Materialize,Widget,Inc