Answer to Question #197406 in Management for Naqeeb

Question

TASK You are required to prepare a report of 600 - 800 words to put forward to the board of directors of FOREVER RESORTS. In your REPORT, you will: Discuss the

importance of choosing a suitable location for a business. Briefly outline the factors that need to be considered when choosing a suitable location. Construct a fully labelled decision tree showing FOREVER RESORTS' options. Calculate the expected values for each option. On financial grounds, identify which option Four Seasons should choose. Discuss the use of decision trees as a decision-making tool for FOREVER RESORTS when making strategic decisions such as that outlined in the case study material above. Consider all the factors for choosing a suitable location and evaluate which location would be more suitable for FOREVER RESORTS,

Answer 1

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