Assignment Question(s):
Read the case study titled as “Case Study: Should a Dollar Store Raise Prices to Keep Up with Inflation?” by Jill Avery and Marco Bertini published in Harvard Business Review, and answer the following Questions:
Identify the main problem and subproblems of the case?
Write all the information present in the case that would be helpful for decision. What other information should you gather, that would be helpful to know before making decision?
Brainstorm with your team and generate all the ideas that your team suggests. The team cull the ideas and selected some relevant alternative choices for decision.
Weighing the alternatives
Draw a decision tree based for decision making,
As CEO of the Dollar store, what will be your decision to keep up with inflation and why?
Write the conclusion and overall assessment.
When weighing the various alternatives, how well each alternative fulfils the variables to consider can be expressed as scores. A different rating scale will be used to assess each alternative:
Note: Positive numbers (+2 or +1) indicate that the alternative is able to fulfil the variables, whereas negative numbers (-2 or -1) denote the opposite.
Important Notes: –
1. Support your submission with course material concepts, principles, and theories from the textbook and at least two scholarly, peer-reviewed journal articles.
2. References required in the assignment. Use APA style for writing references.
3. Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing
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