Description
Main Response
In your Marketplace simulation, you were charged with growing a profitable business. How did you and the team use the financial tools and profitability analysis to aid in your decision making?
Provide specific examples of what went well and what you would change if given the opportunity.
For example, would you increase the financial acumen of all members of your team? Why? What would you gain from a business and decision-making perspective?
Conduct research using the Global Purdue Library, the web, or other sources that you uncover and post three additional individual resources on how to use these tools to increase the foundation of knowledge for all.
These resources can be articles, videos, blogs, etc. Also provide a small synopsis of each resource, the points you found particularly valuable, and how you would use each tool to increase the effectiveness of your business decision making.
Identify a company that you are interested in learning more about. If applicable, you can use your current company.
If this is not an option, you can choose any company for which you feel you can access financial data and investigate their best practices on achieving profitability. Tell your classmates and instructor what you have found out from your investigation.
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