Answer:
The correct way to act is to talk to the person and try to help him to resolve the problems, in the case he can not, then look for other actions. This process of talking and being comprehensive with the person gives a very good image of the company in the eyes of the other workers and the press.
Explanation:
To begin with, the proper action that the manager should take is to talk to Owen and nicely tell him about the situation that the manager noticed and ask him if there is a problem that could be fixed or if the manager could give him help in any way in order to let Owen do his job properly again as before. Moreover, if Owen states the problem then the next step will be to seek for posible solution to those problems, as well as given the employee encouragement and calmness regarding the fact that the company understands and wants Owen to resolve his problem so he can work correctly again. Finally, once done that, the final step will be to control the employee afterwards to see if he works normaly again and take new actions in the case that he is not.
Definition - To make your business grown larger or faster by diversifying your current product line
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Elasticity of demand measures the sensitivity of the quantity demanded to changes in price of the things demanded. If it is inelastic then it does not respond to price change much. If it is elastic then it responds to price change a lot. Hope this helps understand elasticity of demand of the economy!
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