Scenarios are only used to consider the impact of competitors and government regulations.

Question

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Scenarios are not just limited to competitors and government regulations. They can also be used to consider a wide range of potential events or situations that may impact the business, such as changes in consumer behavior, economic trends, technological advancements, and natural disasters. Scenarios help organizations to anticipate and prepare for different possibilities, and make informed decisions based on a range of potential outcomes.

Scenarios Are Only Used to Consider the Impact of Competitors