BUISENESS MANAGEMENT
BUSINESS PLANNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Select ALL the factors in choosing key issues for contingency planning:
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Perceived likelihood of happening
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Likely impact on business if it happens
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Costs of planning
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None of the above/answers
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Explanation:
Detailed explanation-1: -Goals. One of the primary factors that influences contingency planning are the goals of the business owner or owners. The way business owners choose to respond to different contingencies will reflect their ultimate goal for the business.
Detailed explanation-2: -The key elements of a contingency plan are “protection, detection, and recoverability.”
There is 1 question to complete.