Question

Sales this year at Stars and Stripes Consignment have been high, and based on several factors, Stars and Stripes projects next year’s sales to also be good. However, even with a forecast of continued strong sales, Starts and Stripes Consignment needs to develop a plan in case sales drop unexpectedly. ________ is the type of planning for alternative future conditions.

Answer 1

Answer: Contingency planning.

Step-by-step explanation:

Stars and Stripes company needs to form a contingency plan in case they are hit in the future by an unexpected low sales. A contingency plan is a plan a business makes to contain the effects of having a possibly unfavorable future outcome.