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Modern Tires Case Study

1021 Words5 Pages

(1)- A-Five step decision making:- The five step decision making processes which can be used by Modern Tires are: First, identify the problem and uncertainties. Most decision making starts with some sort of problem. The consumer develops a need or a want that they want to be satisfied. Second, obtain information. Gathering information before making a decision helps managers gain a better understanding. Third, make predictions about the future. Forth, make decision by choosing among alternatives. Once they have determined what will satisfy their want or need they will begin to seek out the best deal. This may be based on price, quality, or other factors that are important for them. They read many reviews and compare prices, ultimately …show more content…

Direct material ending balance= 50,000+ 480,000-360,000= 170,000 $ B-To find the work in process ending balance first

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