Reliable Packaging, Which Has Competed on Cost for Several Years

Multiple Choice

Reliable Packaging, which has competed on cost for several years, has found itself losing market share because of the cost-cutting initiatives from its competitors. In order to survive, Reliable Packaging should consider:

A) replacing its top management team
B) firing employees
C) changing its technology
D) changing the location of its firm
E) diversifying into industries where cost pressures are less severe