Scenario Planning in Business

What is scenario planning in business?

• A method for predicting future sales

• A technique for preparing for potential future events

• A strategy for increasing market share

• A tool for financial analysis.

Match the following terms with their definitions: 1) Scenario Planning 2) Risk Management 3) Strategic Planning.

• Strategic Planning

• Setting long-term goals and objectives

• Scenario Planning

• Preparing for potential future events

• Risk Management

• Identifying and mitigating risks

Scenario planning helps businesses prepare for (a)   future events.

• optimistic

• pessimistic

• realistic

• adaptive

Fill in the blank: Scenario planning is a crucial part of (a)   management in businesses.

What is the definition of 'corporate objectives'?

(a)  

Which of the following best describes a 'mission statement'?

• A detailed financial plan

• A statement of the organization's purpose

• A list of company products

• A marketing strategy

What is the gearing ratio?

• A measure of a company's profitability

• A measure of a company's financial leverage

• A measure of a company's market share

• A measure of a company's growth rate

Resistance to change in a merger often leads to (a)   .

• Employee dissatisfaction

• Increased turnover

• Loss of productivity

• Cultural clashes

Ecommerce helps small businesses by providing (a)   .

• Online Marketing

• Financial Support

• Product Distribution

• Customer Engagement

Match the following terms with their definitions: 1) Firewall 2) Encryption 3) Malware.

• Firewall

• Malicious software

• Encryption

• A security system for networks

• Malware

• A method to protect data