The socioeconomic aspect of a business plan involves looking at how much money your prospective customers are likely to make. This can affect how you price your product in the business plan.
It is usually referred to as a Contingency Clause. This is common if the buyer must sell his current real estate in order to be qualified to purchase the subject property. If they have not negotiated to keep the property off of the market during this time period it is possible someone else may view the property and want to make an offer. The contingency clause protects the seller from an indefinite (or lengthy wait while the buyer tries to sell his property, or find financing). If he receives an acceptable offer from another buyer (buyer # 2) , he can invoke the 48 hour contingency which gives the original buyer 48 hours to commit to buying and risk losing his earnest money if he fails to qualify; or to release the seller from the contract to accept buyer #2's offer.
- consumers may not be aware of actual demand in future - answers from consumers are not real - consumer response are biased - plan of consumers change with time
Yep.... Just that the phrase doesn't really make sense, you can't not plan (fail to plan) and plan to fail, i mean, what he hell
Plan
Disaster contingency plan
Contingency plan for terrorist attack
Name the groups which are included in contingency plan?
The purpose of having a contingency plan is to have steps when things go wrong in a business. A contingency plan goes into act when something unexpected happens.
A contingency plan is like a backup plan. It is vital to have one in any business. That way, if the current business plan fails, the owner will have another option.
Leaders need to have a contingency plan in case the original plan of action fails. This is also known as a back up plan.
Leaders need to have a contingency plan in case the original plan of action fails. This is also known as a back up plan.
A contingency plan addresses a back up plan of action should the first plan not work out. This is a good idea in any business or public relations.
A contingency plan is what to do if a possible future event or circumstance suddenly changes.
A contingency plan is a back up plan for when things go wrong or could go wrong. An example of a contingency plan is what you would do when you lose a job or when a tornado comes.
The bank robber had to come up with a contingency plan once their original plan began to go south.
If one is looking for a template for a contingency plan outline, one could visit the National Institute of Standards and Technology website. The NIST has a Contingency Plan Template on their site, under the Computer Security Division.