Category Archives for Short-Term Decision Making

Sell or Process Further

The sell or process further decision type is mainly applicable to farms and producers of natural resources. These businesses must decide to sell farm products or natural resources as is or turn that inventory

Learn More

Make or Buy and Outsourcing Decisions

Outsourcing is a hot topic in business right now. Outsourcing is when a company decides to purchase a product or service from another company rather than make the product or perform the service itself.

Learn More

Product Mix and Constrained Resources

Resources are finite. A business only has so many man hours, so many square feet, and so much machinery. Over the long term, a company can expand its capacity but in the short term, it must make important

Learn More

Keep or Drop: Discontinuing products, departments, and locations

Sometimes when a business sees that a product, department, or location is losing money, the first reaction is to shut it down. Discontinuing operations is a decision that should only be taken after careful

Learn More

Price Setting

When launching a new product or service, one of the hardest decisions a business must make is the price of the product. Every other component of the product launch could be perfect, but if the price is

Learn More
>

Eliminate up to 80% of the reading required in your classes, while actually doing better on your exams!