A home improvement chain plans for various contingencies such as higher interest rates reducing home sales and the effect of electricity disruption due to major storms.This analysis is _____.
A)scenario analysis
B)gap analysis
C)benchmarking
D)opportunity cost analysis

Question

Quizplus · Accepted Answer

The analysis described involves considering different possible scenarios and their potential impact on the business, which is characteristic of scenario analysis. Gap analysis involves assessing the difference between current performance and desired outcomes, benchmarking involves comparing performance with industry peers, and opportunity cost analysis involves making a choice between two options based on the potential benefits forfeited with the option not chosen.

A Home Improvement Chain Plans for Various Contingencies Such as Higher