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An entrepreneur prepared separate responses for normal conditions, crisis conditions, and rapid growth. Which function does this illustrate?

Answer and explanation

Correct answer: Multi-scenario planning

Multi-scenario planning prepares different actions for different possible futures. It helps an entrepreneur respond faster when conditions change and is especially useful under uncertainty. Budgeting, customer classification, and daily monitoring may support planning but do not describe preparing several future responses.

Related tags

Scenario PlanningUncertaintyQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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