Which of the following methods of developing a strategy best illustrates scenario planning?
A) Based on the previous year's profits, the CEO of Kelvon Inc. decided to adopt an expansion strategy in its home market.
B) A sales personnel of GL Foods Inc. suggested that the company should introduce a baked version of its potato wafers to cater to the needs of the increasing health-conscious population.
C) The managers at Vion Autos Inc. formulated a strategy to tackle any increase in the prices of aluminum sheets in the future.
D) The CEO of DHP Inc., a large conglomerate, has decided to enter the Asian market based on the competitor's success in the same market.
Correct Answer:
Verified
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