Decision trees can be used to determine the best possible alternatives and potential payoff for a new product or solving other management problems where uncertainty is present.Your task is to build a decision tree based on the following scenario.OM, Inc., a manufacturer of widgets, is considering the possibility of producing a new super-duper widget using 3D printing. This new project will require OM, Inc. to either purchase a high-end 3D printer or hire and train three additional employees. The market for the new widget could be either favorable or unfavorable. In the end, OM, Inc., can also decide not to develop the new widget.Sales for favorable acceptance by customers would be 30,000 widgets selling for $80 each. With unfavorable acceptance, sales of the widgets would only be 9,000 widgets as a selling price of $80 each. The cost of the 3D printing system is $600,000, however, the hiring and training of three new employees would cost only $100,000. In the end, manufacturing costs should drop from $60 for each widget when manufacturing without 3D printing to $45 each when 3D printed.The probability of favorable acceptance of the new widget is .35; the probability of unfavorable acceptance is .65.Use Excel OM to build a decision tree. Submit your Excel decision tree along with a short explanation of what decision should be made by the company and how you arrived at your answer.

Case Study: "JC Penney Is Changing Its Competitive Strategy"question 1: Read the case study titled "JC Penney Is Changing Its Competitive Strategy" and write a one to two paragraph summary of the case.question 2: Identify the strategies that CEO Ron Johnson implemented to overcome the competition based on Porter's Five Competitive Forces.question 3: Identify the strategies that CEO Ron Johnson implemented to overcome the competition based on Porter's Five Competitive Forces.question 4: Johnson's leadership as CEO was short lived and only lasted 17 months. It seems that he ignored parts of the three core processes of business: People, Strategy, and Operations. Conduct additional research and identify Johnson's failure(s) in these three core processes and make recommendations that would have helped him be more successful.EACH QUESTION NEEDS TO BE SPERATED AND 300 WORDS. PLEASE USE THE READING MATERIAL WITH THESE QUESTION CAUSE THIS PROFESSOR IS VERY PICKY ABOUT IT. NEEDS TO BE IN APA FORMATT.

Discuss non-monetary benefits open trade has contributed to the world since the end of WWII. Provide at least 2 examples. Why do you think these are important? How have changes to US trade and tariff policies affected US trade with other nations? Consider recent (less than 2 years old) credible news sources to support your response. Responses to reply to: Consumers have more freedom to make decisions since the product bundle has grown as a result of open commerce.  Product specialization: free trade allows producers to access a large market. For example, Qatar has significant oil reserves, and if open commerce is not available, they will not be able to provide them, even if they have the capacity to do so. As a result of open commerce, Qatar has specialized in oil and petroleum products. As a result, revenue is a major driver of their economy.  Open commerce also contributes to global political stability.  US trade and tariff policies have had an impact on US commerce with other countries, and the recent impact of such policies may be seen in the decline in US trade with China and US trade with Iran. Both participants' countries were damaged in both circumstances, but the US has suffered the most in terms of tone since China has a large local market as well as a large overseas market, with the exception of the United States. In the case of Iran, trade has had a limited impact in a few industries, such as aviation, where trade and tariff laws have prevented commerce from taking place.  In recent years, the United States has adjusted its tariff policy towards India, another rising market. However, India did not suffer too much as a result of the rate hike. York, Erika (2022). The Impact of Trade and Tariffs on the United States. https://taxfoundation.org/impact-of-tariffs-free-trade/  2nd Response: Good evening class,  Discuss non-monetary benefits open trade has contributed to the world since the end of WWII. Provide at least 2 examples. Why do you think these are important?  The United States trades many non-monetary products and resources with other countries. All over the world. A few Resources that come to mind that are traded fall in the lines of alcohols, fur's, spices, manufactured goods and fuels. Long before. Monetary exchanges were in place. Individuals traded possessions or resources throughout civilization, this is a common practice and pays tribute to the human experience. Sharing resources. Not only. Allows. The opportunity to experience something else. But it also helps connect countries and people. It allows individuals to be proud of where they're from and what's produced there.  How have changes to US trade and tariff policies affected US trade with other nations? Consider recent (less than 2 years old) credible news sources to support your response.  Over the past ten years, tariffs in the United States and U S trade have changed drastically. There was a huge shift with manufactured vehicles and the tax behind importing and exporting those vehicles. The higher taxation penalties and tariffs were implemented at a time when the automotive industry was not doing well financially. It's been shifting in two different directions out of the recession. Over the past two years, COVID and the pandemic have been wreaking havoc on supply chains, changing protocol and regulation. We have seen a big shift in tariff policies as well. I'm not entirely sure if this is necessarily just because of tariff policies. Or if there truly was a shortage of individuals to produce products that resulted in slowness in the supply chain.