Managers may have to make a(n)____ plan in anticipation of changes in technology,the economy,the competition,and the labor market.
A) strategic
B) tactical
C) long-range
D) contingency
E) integrated

Question

Quizplus · Accepted Answer

Contingency plans are designed to address unexpected or unforeseen events, such as changes in technology, the economy, the competition, or the labor market. These plans provide a detailed roadmap of what to do in the event of a contingency, and they can help companies minimize the impact of unexpected events on their operations. Strategic plans, tactical plans, and long-range plans are typically focused on more predictable events and trends. Integrated plans are designed to align multiple plans across an organization, which may include contingency plans as well as other types of plans.

Managers May Have to Make A(n)____ Plan in Anticipation of Changes