Trynx Inc, a Bicycle Manufacturing Company, Is Set to Launch a a New

question 3

Multiple Choice

Trynx Inc., a bicycle manufacturing company, is set to launch a new bicycle with gears. Ryan, the CEO of Trynx, asks the sales manager to come up with an alternative plan in case the new product fails in the market. He also asks the production manager to come with an alternative plan in case the new product's demand increases beyond the production capacity. Ryan has asked the managers to engage in __________.

• A) scenario planning
• B) financial planning
• C) resource planning
• D) contingency planning

Recognize effective strategies for managing employee substance abuse.

Understand the components and benefits of a 360-degree review.

Identify factors that contribute to the success or failure of lawsuits in sexual harassment cases.

Understand the importance of providing referrals and professional help for employees with substance abuse issues.

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Definitions:

Recession

A phase of brief economic downturn characterized by decreased trade and manufacturing activity, typically recognized by a drop in Gross Domestic Product for two consecutive quarters.

GDP Declines

A decrease in the gross domestic product, indicating a contraction in a country's economic activity over a specific period.

Indirect Competition

Competition among businesses that aren't direct rivals but offer substitute products or services.

Alternate Solutions

Approaches or methods that differ from the original way to solve a problem or achieve a goal.