Contingency planning involves a. identifying aspects of a business that require changes in organization in three to five years' time. b. developing plans for future growth. c. developing plans for a business should there be a sudden decrease in revenue or increase in expenses. Incorrect d. an organization's methods for dealing with emergencies. e. identifying aspects of a business or its environment that might entail changes in strategy.

Q: Raffe, an American, works for a company that manufactures electronics. His managers select him for…

A: Raffe is an American and his manager select him for an assignment to lead the launch of a new…

Q: When compleling an insurance application, a producer should  A.complete as much of the applicalion…

A: Insurance application refers to the document with all the necessary information related to insurer,…

Q: Describe the significance of customer trust in a company. Consider the businesses you patronize and…

A: Customer trust is essential for any company that wants to be successful. When customers trust a…

Q: The best way to increase margin from customers is to: Group of answer choices: a. Ensure that the…

A: This question is MCQ type

Q: Economics helps managers focus on key issues.

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: List five typical attributes that an entrepreneur should have.

A: The list of five typical attributes that an entrepreneur should have been as follows: Desire to…

Q: Increases in productivity are difficult to achieve ifthe task is more good-producing and…

A: Economics deals with allocation of limited resources to maximise the welfare of the economy. It also…

Q: Write a memo responding to the following five prompts: 1. In reaching out to the media, what are…

A: The primary goal in reaching out to the media is to disseminate information about the economic…

Q: How can you help make information more pertinent to your audience and increase your chances of…

A: The communications landscape changes rapidly over time, but one criterion for successful…

Q: Discussion 2 1. Why are interest rate high? Interest rates are high because it's a demand of credit,…

A: 1. Why are interest rate high? Interest rates are elevated due to the heightened demand for credit.…

Q: Walmart uses customer relationship management to meet the needs and interest of their

A: These CRM devices make it simpler to deal with your business by interfacing indispensable business…

Q: agency relationship created?

A: An agency relationship are formed between two parties when one party agrees to represent the other…

Q: Supplier Bids Your company is contemplating bidding on an RFP (request for proposal) for 100,000…

A: Request for Proposal(RFP) is a formal document that an organization, often a company or governemnt…

Q: Do you feel a business’ primary responsibility is to make a profit, or do you feel there is some…

A: The primary responsibility of business is not only to make profits but there are certain other…

Q: Give the summary of ethical value in business.

A: In the world of business, ethics are crucial. The truthfulness or incorrectness of actions is a…

Q: The problem-solving principals analyze firm problems Group of answer choices from the organization’s…

A: Problem solving principles analyze the company's problems from the perspective of the organization.…

Q: Describe the top ten communication skills that business leaders search for? Explain.

A: Communication skills are crucial for business leaders, as they are responsible for conveying ideas,…

Q: Why is business ethics a strategic consideration in organizational decisions?

A: The business works ethically by doing what is right to do. Ethics are the norm or principles which…

Q: Rational decisions are made through a process (a) that takes a long time and much effort (b) of…

A: Rationality may be defined as an ability and willingness to follow a reasoned, unemotional and…

Q: Which issue do you believe is the most important?  Why is this issue important? Give a summary as to…

A: A few huge monetary issues that have been broadly examined and considered significant…

Q: Select the following statement that is accurate regarding entrepreneurs.         Entrepreneurs must…

A: The elements of production include vital resources for economic output: land, signifying natural…