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Weigh the Benefits - Assignment Example

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This paper “Weigh the Benefits” deals with alternative solutions with regard to acceptance or rejection of an order. Normally a company is assisted by its costing department for information like the normal cost of producing goods so that pricing decisions can be accurate…
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The feasibility study will help to accurately anticipate what will and will not work in varied situations. The company will be able to determine what resources are essential to complete variedThere are different alternatives which a company can choose from in order to solve its problem of whether or not to accept an order for a product which requires displacing another product from production. One alternative choice would be to hire someone who could take care of all the issues the company has.

The company can hire someone who will discern whether the company will accept an order for a product which requires displacing another product from production. Another alternative action is to form a team that will find simple but efficient ways that can help in solving the company's problem. The team will develop an analysis that will choose between the ordered product and the products that might be displaced. The third alternative action for the company is to lessen its product offerings to give way to the new order.

By lessening the product offering of the company, it will have lesser financial problems and lesser concerns but it can give the company lesser clients (Dallas Business Journal, June 23, 2000). Risk analysis Quantitative risk analysis is a very useful instrument for considering risk, but it can only conduct risks that have been identified. 

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