Your Dollar Mart plans to open five new stores before 2015. But if the economy does not improve, and especially if consumer confidence does not rise as anticipated, it may open only two stores. This backup plan is an example of a
A) Strategic plan.
B) Single-use plan.
C) Contingency plan.
D) Standing plan.
E) Trial-and-error plan.

Question

Quizplus · Accepted Answer

Contingency plans might be referred to as "what if" plans. They include sets of actions to be taken when a company's initial plans have not worked well or if events in the external environment require a sudden change.

Your Dollar Mart Plans to Open Five New Stores Before