Answer:
Quantitative Scenarios:
These involve financial models that present best-case and worst-case versions of model outputs. For instance, a company might create scenarios for revenue projections based on different market conditions1.
Operational Scenarios:
These are commonly used within organizations. Operational scenarios consider various internal factors, such as workforce planning, supply chain disruptions, or changes in production capacity1.
Normative Scenarios:
Normative scenarios describe a preferred or achievable end state. Organizations use these to envision their desired future and set strategic goals accordingly1.
Strategic Management Scenarios:
These scenarios explore different market forces and external factors that could impact an organization. For example, a software company might create scenarios based on technological advancements, regulatory changes, or competitive landscapes1.
Explanation:
