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Vinyl ( record albums ) outsold CD ' s again last year and your record shop has two opportunities to expand. Sketch a decision tree
Vinyl record albums outsold CDs again last year and your record shop has two opportunities to expand. Sketch a decision tree with the following information and answer the question by providing the best financial option and reason for choosing it You MUST provide the total revenue for each option with your answer.
There is a chance for High Growth and chance for Low Growth in each scenario.
Move option is relocating to a wealthier suburb, with annual revenue after move costs increasing by $ if you have HIGH growth, and $ if you have LOW growth.
Move option is expanding into the next unit of your current strip mall location, with annual revenue after move costs of $ if you have HIGH growth, and $ if you have LOW growth.
What are the financials for each option and which should we choose?
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