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Describe one way that a financial manager of a retail company would efficiently adjust his companys financial management practices to each of the following changes

Describe one way that a financial manager of a retail company would efficiently adjust his companys financial management practices to each of the following changes in market conditions: (a) a big competitor enters the market; (b) technological progress makes it easier to sell online; (c) its the beginning of the Christmas season; (d) the economy just entered a recession; (e) a nationwide banking crisis just started, reducing the availability of credit.

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