Explain single use plan and contingency plan. - Vidyadip

Question

Explain single use plan and contingency plan.

✓

Answer

Single Use Plan :

Single Use Plans are prepared for those functional activities which do not reccur.
E.g. for the activities like construction of stadium, construction of bridge, ship making, packaging, printing etc.
This plan is more important. In short, for the achievement of special objectives and specific activities, Single Use Plan is prepared.

Contingency Plan :

Business unit has to integrate with changing situations.
Business environment is also keep on changing due to political, economical, social or natural factors.
Due to these reasons if changes are to be made in original plan is made it is known as contingency plan.

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