Reliable Packaging, Which Has Competed on Cost for Several Years

question 39

Multiple Choice

Reliable Packaging, which has competed on cost for several years, has found itself losing market share because of the cost-cutting initiatives from its competitors. In order to survive, Reliable Packaging should consider:

• A) replacing its top management team
• B) firing employees
• C) changing its technology
• D) changing the location of its firm
• E) diversifying into industries where cost pressures are less severe

---

Definitions:

Manage Rumors

The process of controlling or mitigating the spread and impact of unverified information or gossip.

Organization

The arrangement of ideas, people, or things in a systematic way to achieve objectives or goals.

Blogs

Websites or sections of websites that are regularly updated with new content, often in the form of personal or professional commentary.

Completing Messages

The process of finalizing communication, ensuring it is clear, accurate, and ready for delivery to the intended audience.