Magnira Corp

question 89

Multiple Choice

Magnira Corp.is an apparel company.After a slow start,it saw a steep rise in the number of its customers and a remarkable increase in its profits.However,with the launch of competing apparel manufacturers in the market,the profits of Magnira have started declining.To sustain its growth in the market,the managers of Magnira should

• A) focus on primary demand stimulation rather than advertising the brand.
• B) shift to aggressive brand advertising and open new branches of its stores.
• C) advise top management to reduce the number of employees in the company.
• D) distribute the company's products at limited outlets.

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Definitions:

Pay Structure

Pay Structure refers to the organization of different levels of salaries within a company, based on various factors such as job role, experience, and performance.

Cost Control

Definition: The practice of managing and reducing business expenses to increase profitability without compromising quality or performance.

Pay Structure

A framework used by organizations to define and standardize the compensation given to employees based on their roles, experience, and performance.

Reputation

The collective beliefs or opinions that are generally held about someone or something's character, often reflecting a company or individual's prestige or status in society.