When managing in a recession concern needs to be given to:
A) Take tough decisions.
B) Recognize that high prices may be unsustainable and act sooner rather than later.
C) Stay in close contact with customers and look for opportunities where both parties can help each other.
D) All of the above.

Question

Quizplus · Accepted Answer

All of the above options are important considerations when managing in a recession. Tough decisions may need to be made in order to cut costs and improve efficiency. Recognizing that high prices may not be sustainable and adjusting pricing accordingly can help to maintain customer demand. Staying in close contact with customers can help to identify opportunities for mutual benefit and create a sense of loyalty.

When Managing in a Recession Concern Needs to Be Given