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Decisions Involving Alternative Choices Learning objective      Types of Decisions Steps of decision making Relevant and irrelevant Cost Features of Relevant Information Terminology  2 Types of Decisions         One Time Special Order Make or Buy/Insoursing or outsourcing Selection of a suitable product mix Effect of change in price Maintaining a desired level of profit Diversification of products Closing down or suspending activities Own or Lease 3 Types of Decisions
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    Decisions Involving Alternative Choices    Learning objective  Types of Decisions  Steps of decision making  Relevant and irrelevant Cost  Features of Relevant Information  Terminology    2  Types of Decisions  One Time Special Order  Make or Buy/Insoursing or outsourcing  Selection of a suitable product mix  Effect of change in price  Maintaining a desired level of profit  Diversification of products  Closing down or suspending activities  Own or Lease 3  Types of Decisions  Retain or Replace  Export or Local sales  Expand or Contract  Place special orders  Select sales territories  Sell at split-up point or process further 4
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