Several factories in the small scale industry of a country have recently closed down causing the own...........

Decision making and Interpersonal Skills Statement - Courses of Action

Several factories in the small scale industry of a country have recently closed down, causing the owners considerable loss. As the minister of small scale industry, what should one do first?

Appoint a committee made of efficient and technically expert people to identify the exact cause of closure as soon as possible so that it can be addressed

Arrange alternate income sources for the factory owners

Order government banks to provide interest-free loans to all endeavors in the small scale industries

Not be bothered, since government did not own those factories

Explanation:

The most appropriate action according to the given situation is to Appoint a committee made of efficient and technically expert people to identify the exact cause of closure as soon as possible so that it can be addressed.