Develop a good contingency plan to each of the following situations: 1. If a major competitor withdraws from particular markets as intelligence reports indicate, what actions should our firm take? 2. If our sales objectives are not reached, what actions should our firm take to avoid profit losses? 3. If demand for our new product exceeds plans, what actions should our firm take to meet the higher demand? 4. If certain disasters occur, what actions should our firm take? 5. If a new technological advancement makes our new product obsolete sooner than expected, what actions should our firm take?

Develop a good contingency plan to each of the following situations: 1. If a major competitor withdraws from particular markets as intelligence reports indicate, what actions should our firm take? 2. If our sales objectives are not reached, what actions should our firm take to avoid profit losses? 3. If demand for our new product exceeds plans, what actions should our firm take to meet the higher demand? 4. If certain disasters occur, what actions should our firm take? 5. If a new technological advancement makes our new product obsolete sooner than expected, what actions should our firm take?

International Financial Management

14th Edition

ISBN:9780357130698

Author:Madura

Publisher:Madura

Chapter16: Country Risk Analysis

Section: Chapter Questions

Problem 2BIC

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