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Imagine you are a manager for a seafood distributor on the West Coast. Lately, in part due to overfishing, you have found that the price of rockfish has risen dramatically. In fact, you are paying twice the amount per pound for rockfish as you did last year. You have been with your rockfish supplier for a couple of years, and you like their product. However, your company just can't afford to keep buying fish at double the price. The CEO of the company puts you in charge of finding a new rockfish supplier. You are in charge of drafting the project name, constructing the budget, deadlines, and doing the analytical work required to calculate the best price. You have a week to get the project details to the CEO.
1. Now that you are in charge of finding a new supplier for rockfish, what is your first step? Why should this be your first step?
1. Firms A, B, and C were all selling 1,000 cups of coffee per day at $3.50 per cup, and they wanted to experiment with pricing.
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Students must complete each worksheet and follow instructions carefully, as each worksheet becomes part of the appendix in the students' final BCP. The rubric for this assignment can be viewed when clicking on the assignment link.
Explain What specifically can the project manager for the project do to help reconcile these two budget estimates?
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