Samira Has Just Gotten Out of a Rough Meeting with the Board

question 30

Multiple Choice

Samira has just gotten out of a rough meeting with the board. She is looking to take immediate corrective action by letting a few heads roll in the sales department. She hopes that such a drastic move might light a fire under the remaining sales force. Majid cautions that Bahrul Kabeero's sales management has been perpetually putting out fires over the past 3 years and that it might be wiser to take basic corrective action. Samira asks Majid what he means. Majid explains that basic corrective action ________.

• A) corrects problems at once to get performance back on track
• B) looks at how and why performance has deviated
• C) involves revising company standards
• D) involves accepting the way things are

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Definitions:

Increasing Costs

A scenario where the costs of producing goods or services trend upwards over time, affecting profitability and pricing strategies.

World Price

The international market price of a good or service, determined by world demand and supply.

Domestic Price

The price of goods or services within a country's borders.

Efficient Nation

A country that utilizes its resources in the most productive way possible, maximizing output and welfare with minimal waste.