Question

What was the result of Super Fine Rice Ltd. continuing with outdated plans?

• A. Employee satisfaction decreased
• B. Decline in sales
• C. Expansion into new markets
• D. Decreased customer loyalty

Hint:

It’s crucial for businesses to periodically review and adjust their plans to stay competitive and relevant in the marketplace.

Answer 1

The Correct Option is B

Step 1: Understanding the outcome of outdated plans.
The case highlights that the failure to adapt to changing market conditions (such as the introduction of credit sales by competitors) led to a decline in Super Fine Rice Ltd.'s sales.
Step 2: The impact of not updating plans.
By sticking to outdated plans, the company failed to respond to the new competitive strategies, leading to a decrease in its market share and sales.
Step 3: Conclusion.
The result of continuing with outdated plans was a significant decline in sales, as the company failed to keep pace with changes in the business environment.