ECO 561 Week 3 Individual Assignment: Cost Scenario
In this assignment, make a decision whether to accept an order for a product which requires displacing another product from production. This employs contribution analysis, opportunity cost, and cost concepts. The University of Phoenix Material ClearHear Scenario provides a problem statement, opportunities, and end state goals.
Resources: ClearHear Scenario
Write a 1040- to 1400- word report where you explain the following in the context of the scenario:
o Identify alternative solutions to meet the end-state goals
o Analyze and evaluate the alternatives that you identified
o Perform risk analysis to identify potential risks and negative consequences of the alternative solutions
o Make a recommendation of the best alternative solution and explain how it best meets the desired end state