Question

Miranda Fashions competes in the fast-changing world of fickle teenage apparel tastes. To manage this uncertainty, Miranda Fashions typically puts out several new apparel offerings in small quantities to get customer reaction and once customer preferences are clear, it invests heavily to go all out. The option that Miranda Fashions uses is called a ________ option.

Answer 1

stepping stone option

Step-by-step explanation:

In simple words, stepping stone option refers to the problem solving technique under which an organisation act slowly first to get the solution of the problem and once they get their answers they go mass in implementing it.

This technique is used by managers of the organisation when the solving of problem requires heavy finding and expenditures and the uncertainty involved is also high.