Scenario Planning (Edexcel A-Level Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is scenario planning NOT designed to do?
What is scenario planning NOT designed to do?
Predict the future exactly
Which step in scenario planning is typically the most time-consuming?
Which step in scenario planning is typically the most time-consuming?
Planning responses to scenarios
How many scenarios do most businesses focus on due to resource constraints?
How many scenarios do most businesses focus on due to resource constraints?
Five most likely scenarios
Which of these is NOT one of the three key scenarios businesses face?
Which of these is NOT one of the three key scenarios businesses face?
Economic booms
How many users were affected by the eBay security breach in 2014?
How many users were affected by the eBay security breach in 2014?
233 million users
How much did NatWest pay in compensation after its June 2013 IT systems failure?
How much did NatWest pay in compensation after its June 2013 IT systems failure?
£175 million
What % of businesses would cease trading if they lost one or more key people?
What % of businesses would cease trading if they lost one or more key people?
55%
In business continuity planning, which teams receive the most focused training?
In business continuity planning, which teams receive the most focused training?
Recovery teams
How do internally appointed CEOs typically perform compared to external hires?
How do internally appointed CEOs typically perform compared to external hires?
They tend to outperform
Which is a key limitation of scenario planning?
Which is a key limitation of scenario planning?
It is time-consuming and expensive