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When a fire broke out in a small home decorating store, it destroyed the store s inventory, and ultimately, the company went out of business.
When a fire broke out in a small home decorating store, it destroyed the stores inventory, and ultimately, the company went out of business. What is most likely the reason this company went out of business?
The stores highlevel management team couldnt come up with a favorable solution to this crisis.
Competing home decor stores refused to help the store restore its operations.
All of the stores managers had to focus on crisis management, so their regular duties were neglected.
The owners of the store decided not to respond to the crisis.
The store didnt have an updated contingency plan to handle such a crisis.
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