Formulate a Tactical Decision- Making Model for below scenario. Kindlyfollow the format on the example below. Revenues & costs may be estimated.I.Scenario: "What to do with soon- to- expire (one month from expiry date) softdrinks?"ExampleExample:Step 1What to do with small, ill-shaped apples.DefineProblem1. Sell to pig farmers.2. Sell bagged apples (feasible).3. Make applesauce (feasible).4. Make pie filling.5. Continue dumping practice.Step 2IdentifyAlternativesStep 3Bagged alternative:a. Revenue: $1.30 per bag (26c per pound)b. Cost $0.05 per poundApplesauce alternative:a. Revenue: $0.78 per can (65€ per pound)b. Cost: $0.40 per poundPredictCostsStep 4BaggedApplesauceCompareCostsRevenues0.26s0.65Cost0.05$0.210.40$0.25Net benefitBagged: DifferentiationApplesauce: Forward integrationStep 5SelectAlternativeSelect bagging alternative because it isprofitable and is more consistent withstrategic positioning desired by producer.

Tactical choices and plans refer to the choices and strategies made with the aid of an enterprise or…

I. Formulate a Tactical Decision- Making Model for below scenario. Kindly follow the format on the example below. Revenues & costs may be estimated. Scenario: "What to do with soon-to-expire (one month from expiry date) soft drinks?" Example Example: Step 1 Define Problem What to do with small, ill-shaped apples. Step 2 Identify Alternatives Step 3 Predict Costs 1. Sell to pig farmers. 2. Sell bagged apples (feasible). 3. Make applesauce (feasible). 4. Make pie filling. 5. Continue dumping practice. Bagged alternative: a. Revenue: $1.30 per bag (26c per pound) b. Cost $0.05 per pound Applesauce alternative: a. Revenue: $0.78 per can (65¢ per pound) b. Cost: $0.40 per pound Step 4 Compare Costs Revenue Bagged $0.26 Applesauce $0.65 Cost 0.05 0.40 Net benefit $0.21 $0.25 Step 5 Select Alternative Bagged: Differentiation Applesauce: Forward integration Select bagging alternative because it is profitable and is more consistent with strategic positioning desired by producer.

I. Formulate a Tactical Decision- Making Model for below scenario. Kindly follow the format on the example below. Revenues & costs may be estimated. Scenario: "What to do with soon-to-expire (one month from expiry date) soft drinks?" Example Example: Step 1 Define Problem What to do with small, ill-shaped apples. Step 2 Identify Alternatives Step 3 Predict Costs 1. Sell to pig farmers. 2. Sell bagged apples (feasible). 3. Make applesauce (feasible). 4. Make pie filling. 5. Continue dumping practice. Bagged alternative: a. Revenue: $1.30 per bag (26c per pound) b. Cost $0.05 per pound Applesauce alternative: a. Revenue: $0.78 per can (65¢ per pound) b. Cost: $0.40 per pound Step 4 Compare Costs Revenue Bagged $0.26 Applesauce $0.65 Cost 0.05 0.40 Net benefit $0.21 $0.25 Step 5 Select Alternative Bagged: Differentiation Applesauce: Forward integration Select bagging alternative because it is profitable and is more consistent with strategic positioning desired by producer.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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