In 2008, with sales declining and the stock plummeting, Borders' then-CEO told a newspaper reporter who interviewed him about the company's situation: "We're not in trouble; we're not in trouble at all." Borders was in the ____ stage of decline.
A) crisis
B) blinded
C) inaction
D) faulty action

Question

Quizplus · Accepted Answer

The "inaction" stage of decline is characterized by a failure to respond to clear signs of trouble, often due to denial or overconfidence, as demonstrated by the CEO's statement.

In 2008, with Sales Declining and the Stock Plummeting, Borders