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Question
Trynx Inc., a bicycle manufacturing company, is set to launch a new bicycle with gears. Ryan, the CEO of Trynx, asks the sales manager to come up with an alternative plan in case the new product fails in the market. He also asks the production manager to come with an alternative plan in case the new product's demand increases beyond the production capacity. Ryan has asked the managers to engage in __________.a) scenario planning
b) financial planning
c) resource planning
d) contingency planning
Answer
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