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Using another plan when the main plan fails is an example of which function?

Answer and explanation

Correct answer: Contingency planning

Contingency planning means preparing an alternative course of action for an unexpected problem or failure. If the main business plan cannot be followed, the entrepreneur uses the backup plan to reduce interruption and continue working towards the goal. Advertising, storage, and distribution are different business activities, not backup planning.

Related tags

Contingency PlanningBackup PlanRisk ManagementQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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