Discuss single use plan and contingency plan.

1.	Discuss single use plan and contingency plan.
Answer» Single Use plan: As the name suggests, single use plans are made for handling one-time, non-recurring problems. Single-use plans are also referred to as ‘specific plans’ since these are meant to solve a particular problem. These plans are formulated to handle non-repetitive and unique problem. These plans cannot be used again and again. These plans become obsolete after achieving their purpose. The examples of these plans could be constructing a dam, making budget, organizing an event, etc. Contingency plan: A plan designed to take account of a possible future event or circumstance is called a contingency plan. Business unit face changing market situations. These changes could be change in political, economical, social or natural factors. If the business has to make changes in the original plan or make a new plan due to such reasons then the plan made is called contingency plan.

Answer»

Single Use plan:

As the name suggests, single use plans are made for handling one-time, non-recurring problems. Single-use plans are also referred to as ‘specific plans’ since these are meant to solve a particular problem.
These plans are formulated to handle non-repetitive and unique problem. These plans cannot be used again and again. These plans become obsolete after achieving their purpose.
The examples of these plans could be constructing a dam, making budget, organizing an event, etc.

Contingency plan:

A plan designed to take account of a possible future event or circumstance is called a contingency plan.
Business unit face changing market situations. These changes could be change in political, economical, social or natural factors.
If the business has to make changes in the original plan or make a new plan due to such reasons then the plan made is called contingency plan.

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