Day Disney world Vacation for family: Cost: $14,500 New House: ...

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Day Disney world Vacation for family: Cost: $14,500 New House: ...

Day Disney world Vacation for family: Cost: $14,500

New House: Cost $450,000

Assume you are going to make a purchase decision on whether or not to buy one of the two potential big-ticket items listed above. Choose one to evaluate and answer the following questions:

What decision did you make and why?
How comfortable would you feel making this decision and why?
What financial information would you need to make the decision and why?
What non financial factors would also play a role in your decision to either purchase or not purchase this item?

business Operations-Management

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Answer 1

Answer #1

My choice is to buy a new house because this is a long term asset and has a remarkable benefit.

I would feel very comfortable because it is for the benefit of the whole family.

The financial decisions that I would consider include the source of funds for the purchase and the market rate for the same kind of houses because I would be considering the financial it will have on other things that I am supposed to handle.

The nonfinancial decision for buying a house would include the location of the house and ease of access to facilities like electricity and water.

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Answer 2

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