The correct answer is: B. strategies.
A contingent plan is a set of actions that are taken in response to a specific event or situation. In the context of environmental pressures, a contingent plan would be a set of actions that are taken in response to a change in the environment that could have a negative impact on a business.
Strategies are the means by which an organization achieves its objectives. In the context of environmental pressures, strategies would be the means by which an organization reduces its impact on the environment or adapts to changes in the environment.
Policies are the general principles that guide an organization’s decisions and actions. In the context of environmental pressures, policies would be the general principles that guide an organization’s decisions and actions related to environmental protection.
Rules are specific requirements that must be met. In the context of environmental pressures, rules would be specific requirements that must be met in order to comply with environmental regulations.
Here are some examples of contingent plans that businesses might implement in response to environmental pressures:
- A business might implement a plan to reduce its energy consumption in response to an increase in the cost of energy.
- A business might implement a plan to reduce its water consumption in response to a drought.
- A business might implement a plan to reduce its waste production in response to new regulations on waste disposal.
- A business might implement a plan to switch to renewable energy sources in response to concerns about climate change.
Contingent plans are an important part of risk management. By developing and implementing contingent plans, businesses can reduce the impact of environmental pressures and protect their bottom line.