Predicting various future outcomes and making plans is described as:
AContingency Planning
BScenario planning
CForecasting
DBenchmarking
Answer:
B. Scenario planning
Read Explanation:
Scenario planning is a strategic management tool used to explore and prepare for multiple possible future outcomes.
Instead of trying to predict one single future (which is the goal of forecasting), it involves creating several plausible narratives or "scenarios" about how the future might unfold.
By considering a range of potential events—from best-case to worst-case—organizations can develop strategies that are flexible and resilient, allowing them to adapt to unexpected changes.
