Asked by Jessica Redding on Jun 21, 2024
Verified
Which of the following is the LEAST relevant factor when defining the scope of a scenario analysis?
A) time frame
B) industry
C) consumer
D) market
Time Frame
The period during which a series of events or an action is supposed to occur or be completed.
Industry
A group of companies that produce similar products or services, competing within the same market.
Scenario Analysis
A process of assessing future trends by analyzing different conceivable future scenarios, enabling decision-makers to prepare for various potential outcomes.
- Acquire knowledge on the methodical process in scenario analysis, which includes determining the scope and formulating plans for the scenarios recognized.
Verified Answer
TF
Tyler FieldsJun 27, 2024
Final Answer :
C
Explanation :
Consumer preferences can be a factor in scenario analysis, but when defining the scope, factors like time frame, industry, and market are generally more foundational. The scope is more about the broader parameters within which the analysis is conducted, rather than specific elements like consumer preferences.
Learning Objectives
- Acquire knowledge on the methodical process in scenario analysis, which includes determining the scope and formulating plans for the scenarios recognized.
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