A huge fire broke out in Rustic Rooms, a small rustic furniture store. The fire destroyed all of the furniture, and ultimately, the company went out of business. Which of the following is most likely the reason this company went out of business?

The owners of Rustic Rooms decided not to respond to the crisis.

Rustic Rooms didn't have an updated contingency plan to handle such a crisis.

All of Rustic Rooms' managers had to focus on crisis management, so their regular duties were neglected.

Competing rustic furniture stores refused to help Rustic Rooms restore its operations.

Rustic Rooms' crisis management team couldn't come up with a favorable solution to this crisis.