Explore BrainMass

Explore BrainMass

    Assumptions that were integral to the firm's major decision

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Do you know of two major company's do you know that have faced this sort of problem One has to be automotive and on must be a computer company.

    # The major decision facing the company
    # Important assumptions that were integral to the firm's major decision, but, in fact, led to a bad or wrong decision.
    # Explain why it was a bad assumption, and what lead it to be used, in part as a basis for the decision
    # What would you have done to test the validity of the assumption?

    * What specific kind of research or testing or surveying might you have done.
    Note sure that I even understand this one at all. So any help you can give would be a great one. This is for a cornerstone course on marketing that I took over 4 years ago. Please direct me in the right direction. Please include any references that you can provide. Thanks.

    © BrainMass Inc. brainmass.com June 4, 2020, 12:11 am ad1c9bdddf

    Solution Preview


    Let's start of by identifying what is business Assumptions.

    According to the small business encyclopedia found at http://www.answers.com/topic/assumptions
    "An assumption is a statement that is presumed to be true without concrete evidence to support it. In the business world, assumptions are used in a wide variety of situations to enable companies to plan and make decisions in the face of uncertainty. Perhaps the most common use of assumptions is in the accounting function, which uses assumptions to facilitate financial measurement and reporting".

    Examples of two major companies that face this sort of problem are Microsoft (computer) & Chrysler (automotive).

    I have attached two documents that outline ...

    Solution Summary

    The important assumptions that were integral to the firm's major decisions are determined.