Which of the Following Is a Suitable Course of Action

question 65

Multiple Choice

Which of the following is a suitable course of action that Capricus Leathers should initiate?

• A)It should make a heavy resource investment to rescue Tango.
• B)It should open new production facilities to fuel the growth of Tango.
• C)It should withdraw both the products and introduce a new brand in the market.
• D)It should increase the production of both the products to gain more market share.
• E)It should phase out Tango if it is not needed to complement Indigo.

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Definitions:

Market Research

The activity of gathering information about consumers' needs and preferences to identify market trends and potential areas of opportunity for businesses.

Small Businesses

Enterprises characterized by a small number of employees, limited revenue, and usually independently owned and operated.

Primary Means

Refers to the main or most important methods or resources available for a specific purpose.

Diversity

The inclusion and representation of different types of people and viewpoints in a group or organization, encompassing aspects like race, gender, age, religion, and more.