Homework: Decision Tree for Business Expansion
Instructions
In this homework, you will create a decision tree for a business that is considering expanding to a new location. An important part of this analysis will be the details that you create for the business itself. Feel free to pick any industry that you are most familiar with, that will allow a multi-node approach.
Homework Requirements:
1) A one to two-paragraph description of the business and its market. If you are using an actual business or industry, include links to references that explain the market. If you are using a fabricated business, your description should be more complete so as to explain the forces at play.
2) Include multiple nodes that can affect outcomes.
o One must be financially related- One must be market-related- One node is at your discretion
1) Generate a graphic of the decision tree using Microsoft Word or another application of your choice.
2) Include one to two pages of discussion of the decision tree and possible branches based on your specific example.
3) an example business decision to be made, walking through the decision-making process
4) Include a recommendation with justification based on your opinion of the business and or market.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.