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WalesBusinessQuick questions
Business in a Changing World (A2 Unit 4)
Quick questions on Risk management and contingency planning - WJEC A-Level Business
3short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is contingency planning?Show answer
A good contingency plan identifies the risk, sets out the immediate response, names who is responsible, covers communication with stakeholders, and provides for continuity (back-up systems, alternative suppliers, emergency funds).
What is q1?Show answer
Define the term contingency planning. [2 marks]
What is q2?Show answer
Explain one limitation of contingency planning. [3 marks]
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