problem solving (Business)

We can not convince our biggest retail

customer to stock our new products on

their website or in their physical stores.

This is negatively affecting our bottom line

because we have already bought the stock,

now it is in our warehouse!
Solution for that problem is :

• A. Increase prices to cover the additional cost

• B. Encourage existing customers to leave positive reviews by offering an incentive

• C. Sell through your own website, and find other retail outlets

• D. Buy the company, and continue production at the same place

• E. Delay the new product launch, and sell the existing stock at a discount

Our supplier has told us that they are going

to go bankrupt within the next two weeks.

This means that we will not be able to

make our products as normal. We are

worried that we will have to close our

business until we find a new supplier.
Solution for that problem is :

• A. Increase prices to cover the additional cost

• B. Encourage existing customers to leave positive reviews by offering an incentive

• C. Sell through your own website, and find other retail outlets

• D. Buy the company, and continue production at the same place

• E. Delay the new product launch, and sell the existing stock at a discount

My country has introduced a law that will

increase the minimum wage by $5 per hour

for each of my mechanics. These increased

labour costs will decrease our profit

margins. We want to pay our workers well

but we need to protect the business too.
Solution for that problem is :

• A. Increase prices to cover the additional cost

• B. Encourage existing customers to leave positive reviews by offering an incentive

• C. Sell through your own website, and find other retail outlets

• D. Buy the company, and continue production at the same place

• E. Delay the new product launch, and sell the existing stock at a discount

During Q1 and Q2 the company had slower

than expected sales. Therefore, we have a

lot of old stock in the warehouse. The

problem is that we need to make space for

new stock that will be arriving for the Q3

and Q4 season.
Solution for that problem is :

• A. Increase prices to cover the additional cost

• B. Encourage existing customers to leave positive reviews by offering an incentive

• C. Sell through your own website, and find other retail outlets

• D. Buy the company, and continue production at the same place

• E. Delay the new product launch, and sell the existing stock at a discount

Someone has left a very bad review on the

internet about a stay at our hotel. The

review is fake. We believe it is a rival hotel

trying to gain an unfair advantage. The

problem is that many potential customers

will see the review. We will lose clients
Solution for that problem is :

• A. Increase prices to cover the additional cost

• B. Encourage existing customers to leave positive reviews by offering an incentive

• C. Sell through your own website, and find other retail outlets

• D. Buy the company, and continue production at the same place

• E. Delay the new product launch, and sell the existing stock at a discount