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what should the manager say in response to: Firstly, technology. The seemingly overnight growth of mechanical advancements has significantly impacted our business. Our competitors have
what should the manager say in response to: Firstly, technology. The seemingly overnight growth of mechanical advancements has significantly impacted our business. Our competitors have adopted new technologies faster, giving them a competitive edge. They've streamlined operations, reduced costs, and offered better products or services. We've struggled to keep up, which has resulted in a loss of market share. Secondly, the economic climate has been unfavorable, with a downturn affecting our industry particularly hard. Consumer spending has decreased, and our sales have suffered as a result. Additionally, the price of raw materials has increased, further straining our finances. Lastly, natural factors. Several unforeseen natural events have hit us, including severe weather conditions and a global pandemic. These have disrupted our supply chains, forced us to close our facilities temporarily, and impacted our workforce
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