A shift in consumer taste in a product results in a huge sales loss. According to ___, this would lead to adaptation in several areas including product manufacturing and marketing.

A) Maslow's Theory
B) quality management
C) behavioural management approaches
D) contingency theory
E) labour Laws

Contingency Theory

A leadership theory that suggests the effectiveness of a leader is contingent upon how well the leader's style matches the context or situation.

Consumer Taste

Refers to the preferences, likes, and dislikes of customers that influence their buying behavior.

Behavioural Management Approaches

These approaches focus on understanding and influencing employee behavior through various techniques and strategies.