As Part of Its Emergency Response Plan to a Crisis

question 47

Multiple Choice

As part of its emergency response plan to a crisis situation, Frazer Inc.closed down several of its steel-cutting factories.Although the media reported that Frazer's decision had a ripple effect throughout the steel industry, the company's reputation, credibility, and trustworthiness did not suffer.During strategic planning, Frazer considered whether the firm:

• A)should change its sourcing strategy.
• B)should relocate its production to an underdeveloped country.
• C)should target this market with this product.
• D)and its actions had a negative impact on any stakeholder group.
• E)had recognized that profits and social responsibility do not go hand in hand.

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Definitions:

Recognizing Process

The cognitive process involved in identifying and understanding stimuli, concepts, or objects.

Culture of Safety

A work environment where core values and behaviors result from a collective commitment by management and workers to emphasize safety over competing goals.

Systemic Issues

Problems or challenges that are deeply embedded within the structure and operation of a system, affecting its overall function.

Quality Model

A conceptual framework designed to improve and evaluate the efficiency, effectiveness, and quality of services or products within an industry.