“Tactical decisions are often small scale decisions that serve a larger purpose.” Explain what this means.
What is tactical cost analysis? What steps in the tactical decision model correspond to tactical cost analysis?
Describe a tactical decision you personally have had to make. Apply the tactical decision making model to your decision. How did it turn out? (Hint: You could discuss buying a car, choosing a college, buying a puppy, etc.)
What is a relevant cost? Explain why depreciation on an existing asset is always irrelevant.
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