Business Studies, asked by messybew, 1 month ago

what is contingency plan?​

Answers

Answered by Jyotishabgkv
0

Answer:

A contingency plan is a plan devised for an outcome other than in the usual plan.

Explanation:

It is often used for risk management for an exceptional risk that, though unlikely, would have catastrophic consequences. Contingency plans are often devised by governments or businesses.

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