Discussion 1.
"Big Spender" Please respond to the following:
- Using the Five Step Decision Making Process presented in examine a recent decision you made (e.g., go to college, take a new job, buy a house, or buy a phone). Identify each step of your decision by the criteria of this process.
Discussion 2.
"Help is Needed!" Please respond to the following:
- Review the article in of the text titled "High Fixed Costs Bankrupt Twinkie Maker" regarding the bankruptcy of Hostess Brands - maker of the renowned Twinkie! Identify the cause of the bankruptcy in terms of variable costs and fixed costs. Utilize your knowledge of costs to suggest a plan that could have saved Hostess Brands.