An automobile dealership that has always had success with homemade advertisements finds it difficult to switch to a professional advertising agency, despite the fact that consumers are becoming more sophisticated. A. DissolutionB. InactionC. CrisisA financial services firm decides to downsize in order to save money rather than understanding the need to create new products for a changing demographic. A. BindedB. FaultyC. InactionA barcode scanning device manufacturer tried several times to update its products, but each of the attempts failed, leaving the company weaker and weaker in the process. Now, unless something remarkable happens, the company is facing bankruptcy. A. DissolutionB. InactionC. Crisis

Question

Business

Rodrigo Mahoney

15 November, 18:02

An automobile dealership that has always had success with homemade advertisements finds it difficult to switch to a professional advertising agency, despite the fact that consumers are becoming more sophisticated. A. DissolutionB. InactionC. CrisisA financial services firm decides to downsize in order to save money rather than understanding the need to create new products for a changing demographic. A. BindedB. FaultyC. InactionA barcode scanning device manufacturer tried several times to update its products, but each of the attempts failed, leaving the company weaker and weaker in the process. Now, unless something remarkable happens, the company is facing bankruptcy. A. DissolutionB. InactionC. Crisis

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Answers (1)

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River Love · Answer 1

1) B - Inaction

2) B - Faulty

3) A - Dissolution

Explanation:

1) Inaction: The company's strategy is not responsive to technological trends

2) Faulty: Downsizing to save cost is not a good strategy for a business to adopt, they could have divest to other sectors

3) Dissolution: liquidate or wind up before the company runs in to serious financial crisis.