Use the Following to Answer Questions

question 141

Multiple Choice

Use the following to answer questions .
Exhibit: Simultaneous Shifts in Demand and Supply
-(Exhibit: Simultaneous Shifts in Demand and Supply) D₁ and S₁ are original supply and demand curves, and S₂ and D₂ are new curves. In this market, following the adjustment shown:

• A) both demand and supply increased.
• B) price fell and quantity increased.
• C) quantity had to increase, given the changes in supply and demand.
• D) all of the above are true.

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Definitions:

Issues Management

The process of identifying, assessing, and responding to potential threats or opportunities that could affect an organization's reputation or success.

Litigation Crisis

A situation where a business or individual faces significant legal challenges that could adversely affect their public image, finances, and overall stability.

Product Crisis

A situation where a defect or negative revelation about a product significantly impacts a company's reputation and customer trust.

Image Restoration Theory

A framework outlining strategies an individual or organization can use to repair their reputation following a crisis.