Marina manages the supply chain for a company that sells diamond watches. She learns that economists are predicting a moderate to severe recession in the next six to eight months. Based on that information, what action should Marina recommend to the company's owner?

Question

Quizplus · Accepted Answer

While it is true that businesses that focus on low-cost solutions can make significant profits during a recession, most other businesses do not. For customers, expenditures on luxury products (such as diamond watches) are often the first to be cut during recessionary periods.

Marina Manages the Supply Chain for a Company That Sells