For the automobile industry, how far into the future should scenarios project?
A) 5-10 years
B) 10 -15 years
C) 20-30years
D) 40-50 years

Question

Quizplus · Accepted Answer

The automobile industry is a rapidly changing one, with new technologies and trends emerging all the time. As a result, it is important for companies in this industry to be able to project scenarios far into the future in order to stay ahead of the competition. A 5-10 year projection is too short-term to be of much use, as it is likely that major changes will occur within this timeframe. A 10-15 year projection is more reasonable, as it gives companies enough time to plan for and implement new technologies and trends. A 20-30 year projection is too long-term to be of much use, as it is difficult to predict what will happen that far into the future. A 40-50 year projection is simply unrealistic, as it is impossible to predict what will happen that far into the future.

For the Automobile Industry, How Far into the Future Should