Business A-Level
Scenario planning
What Scenario planning means in Business A-Level, as defined for AQA.
Definition of Scenario planning
Check what you remember
Read the wording for your board, then hide it and explain Scenario planning in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
A management response to forecasting difficulty, alongside sensitivity analysis on the key variable and staged investment that keeps the option to stop.
Topics that use Scenario planning
- Strategic decision making (A-level only) (AQA A-Level)
Related terms
- Automation and the cost structure
- Corporate social responsibility
- Extrapolation
- functional objectives
- gearing
- Investment appraisal of new technology
- opportunity cost
- Resistance and its cost to the business
Using Scenario planning in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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