Can be defined as alternative plans that can be put into effect if certain key events do not occur as expected
Question
Solution 1
These are known as contingency plans. Contingency planning is a proactive strategy that involves planning for both the worst-case scenario and changes in a business environment.
Here are the steps to define it:
- Identify: The first step is to identify potential risks or events that could signif Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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