Business Studies, asked by netf14129, 10 months ago

Discuss the contingency factors that affect planning.

Answers

Answered by Amisha2002
1

Answer:

heya! The factors are as follows=

1) Goals

One of the primary factors that influences contingency planning are the goals of the business owner or owners. The way business owners choose to respond to different contingencies will reflect their ultimate goal for the business.

2) Government Regulations

Government regulations can have a large impact on businesses, and a contingency plan might include instructions for how the company should deal with changing regulations.

3) Profitability

A business owner might decide to pursue different courses of actions in response to certain contingencies based on the profitability of the company.

4) Considerations

The amount of time spent on brainstorming possible contingencies and how to deal with them can influence the thoroughness of contingency planning.

hope this helps dear! kindly upvote :) all the best !

Answered by anuj993424
0

ok this is the right answer you tild

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