A Business/economics problem

A business/economics problem must be identified and clearly defined. These problems are related to different aspects of the firm. For instance:

(1) Market shares are falling
(2) Advertising expenditures do not seem to be effective
(3) Average costs are too high
(4) Sales are falling in a particular region
(5) Productivity (output per unit of input) is falling

These are some examples of typical questions facing managers.