Question

5 - levels of strategy
learning objective: recognize the different types of business strategy.
the procedures an organization has in place to deal with known changes in the internal and external environments are known as ______________.
a.) contingency planning
b.) crisis management
c.) change management
d.) corporate strategy

Explanation:

Contingency planning involves preparing for known changes in internal and external environments. Crisis management deals with unexpected emergencies. Change management focuses on planned organizational changes. Corporate strategy is about overall direction. The description fits contingency planning.

Answer:

a. contingency planning