Module 10 Short-Term Decision Making

This episode of our podcast focuses on short-term business decisions. It explains how to identify relevant information for decision-making, evaluate different alternatives, and choose the best course of action considering quantitative and qualitative factors. We use numerous examples, including special order decisions, make-or-buy decisions, and decisions to keep or discontinue a product line or segment. We also address cost analysis, including sunk, avoidable, and opportunity costs, within the context of resource constraints and bottlenecks.