Irena, the manager of Kiddy Couture, knows that the economy greatly affects her business. She has developed a plan of action for each of four possible economic outcomes may occur in her geographic area over the next four to six years. Here Irena is

Question

Quizplus · Accepted Answer

Sometimes decision makers can build in safeguards against an uncertain future by considering the potential consequences of several different scenarios. Then they generate contingency plans, alternative courses of action that can be implemented depending on how the future unfolds.

Irena, the Manager of Kiddy Couture, Knows That the Economy