Sager Inc., a manufacturing company, developed a strategic plan that assumed improved growth in its industry. Additionally, it generated several _____ for different economic settings. When recession started, Sager Inc. quickly implemented the plan based on those conditions. As a consequence, it survived more easily than other firms in the industry.

Question

Quizplus · Accepted Answer

The blank requires a term that refers to plans for different economic situations. The best option among the given alternatives is "scenarios." Thus, option E is the correct answer. A "scenario" refers to assumptions or projections about different possible future states of the economy, which are developed to plan and prepare for different outcomes. Sager Inc. developed scenarios, which allowed it to anticipate and prepare for the recession before it began, giving it a competitive advantage over other firms. The other options do not fit the context of the given sentence. Financial reports and annual reports are regular reports prepared by companies for shareholders and the general public. They do not refer to planning for different economic settings. The term "roadmaps" is too specific and does not fit the sentence's context. Finally, "projection statements" are too narrow in scope and do not encompass the idea of preparing for different economic scenarios.

Sager Inc, a Manufacturing Company, Developed a Strategic Plan That Assumed