What are the traditional approaches that managers use to combat inflation?

after reading the pdf

3 Strategic Options to Deal with Inflation
· What are the traditional approaches that managers use to combat inflation? In your own words, discuss the disadvantages of each.
· State and summarize the three strategic options for combatting inflation described in this article. Which strategic option do you view as best? Discuss your reasoning.
· Discuss the current inflation level prevailing in the U.S. and how managers might use the information from this article to increase firm value.
· Data analysis and inflation: Perform a descriptive statistics analysis of the annual inflation rate reported in the U.S. Report and interpret the following values: mean, median and standard deviation of the inflation rate. Discuss how a manager might use these statistical values to prepare for potential effects of inflation.
Directions to download the inflation data:
o Go to the following webpage: https://data.bls.gov/timeseries/CUUR0000SA0L1E?output_view=pct_12mths
o Click on More Formatting Options
o Click “All years”
o Select one time period: “Annual Data”
o Click “Retrieve Data”
o A new page will load. Scroll down and click on the link to download the “.xlsx” file.