Assignment: Consulting Report
The client company hired you to consult regarding the newly developed product. Think of any product you have in mind. The company faces two decisions either to launch the new product at the international market or to evaluate it to test at a national market. In order to provide the company the best decision, you will prepare the following:
I. Indicate your own estimates of the profit for launching it internationally and nationally with respective probabilities of events.
II. Using the TreePlan, Flow chart in Powerpoint, or other decision tree visualization tools you may obtain, construct a decision tree to determine the optimal decision strategy. If using Tree Plan, under options, choose the default: Expected Value and Maximize.
III. Assess the risk associated with this decision.
IV. Summarize your results and present justifications of your chosen decision strategy and provide recommendations to the client company. Address your report to the company's executive in charge of making this decision.
Format your assignment according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.