What is scenario planning?
What will be an ideal response?
Scenario planning is also known as contingency planning. Scenario planning identifies different future scenarios and spells out what to do in each scenario. This helps managers deal with uncertainty by anticipating what may happen in the firm — though the future cannot be accurately forecast with certainty.
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If a U.S. firm sells Vietnamese producer equipment that is then used to make clothing that the United States agrees to buy back from Vietnam, the two companies most likely have entered into a countertrade arrangement called a product buy-back agreement.
a. true b. false
What does legitimacy mean within the framework of the seven elements for a successful negotiation? What are some considerations for ensuring negotiations are "legitimate"?
What will be an ideal response?