The top management team at Company M are developing strategic plans to address potential future situations like an increase in material import costs, logistical delays from international shipments, an increase in interest rates, inflation, and a decrease in demand for the company's products. By doing so, the company will be well prepared with its planned responses if any of these situations occur. Thus, Company M is employing________ as the approach to the development of strategy. a. top-down strategic planning b. pattern recognition c. scenario planning d. reverse engineering