this year’s sales at yours truly consignment have been strong, and next year’s sales are also projected to be good. even so, yours truly managers should conduct ________ so they are prepared in the case that sales drop unexpectedly.

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04-10-2021
Business

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this year’s sales at yours truly consignment have been strong, and next year’s sales are also projected to be good. even so, yours truly managers should conduct ________ so they are prepared in the case that sales drop unexpectedly.

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jaquelinefvr jaquelinefvr · Answer 1 · 2021-10-08T17:21:55+02:00

Managers must conduct a contingency plan so they are prepared if consignment sales unexpectedly drop.

A contingency plan is preventive planning whose objective is to institute actions that must be taken in case of adversities and crises that can negatively impact the business.

The advantages of developing a contingency plan are:

Minimize the risks inherent in the business.

Increase control.

Improve decision making.

Therefore, it is essential that an organization is prepared to face changes in the internal and external environment, and the contingency plan is an ideal instrument for a more effective administration.

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