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Why is it useful for an entrepreneur to prepare an alternative plan for unexpected situations?

Answer and explanation

Correct answer: It helps the business continue during uncertainty

An alternative or contingency plan prepares the business for events such as supply delays, equipment failure or sudden demand changes. It can reduce disruption and support continuity, although it cannot remove every problem or guarantee success. Market research and the main plan remain important.

Related tags

Contingency-PlanningRisk-ManagementIntroduction To EntrepreneurshipEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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