Contingency planning
What are the key concepts of contingency planning?
Explain the importance of having a financial contingency plan.
half page, APA, at least two references
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In a time where business positions change overnight and economic status change so rapidly, it is important that businesses formulate a plan concerned with making proactive measures that handle certain unforeseen threats and risks (Green, 2012). For instance a plan that deals with a drastic downfall in economy, the death of the major shareholder or a plan that deals with insolvency threat…………………….
APA
230 words
