Liquid Chemical Company Case Study

Liquid Chemical Company

Executive Summary

Identifying all of the information relevant to a grumpy business decision is a challenging task because relevance is a broad concept. The process haves an understanding of quantitative and soft information, a grasp of legal issues, sensitivity to ethical concerns and an index to discern fact from decision.

Virtually all business decisions involve choosing among election racetracks of action. The only information relevant to a decision is that which varies among the potential courses of action being considered. Costs, revenues, and other factors that do not vary among possible courses of action are not relevant to the decision.

In appendage to quantitative information, many non-financial factors must be taken into consideration. It would be irresponsible and short- sighted for managers to seek solutions and base decisions entirely on revenue and cost figures. Most business decisions also require an examination of legal issues, sensitivity to ethical implications, and an ability to check fact from opinion. Thus, while incremental analysis is an excellent dent for evaluating alternative courses of action, managers should not automatically follow the first course of action that holds a promise of increased profitability. Rather, they should always be alert to the possibility that a more(prenominal) satisfactory, and perhaps more creative, solution exists.

Case Context

- Liquid Chemical Company manufactured and exchange a range of high- grade products throughout Great Britain.

- They had a special patented lining, made from a material cognize as GHL, and the unattackable operated a department especially to halt its containers in technical condition and to make new ones to flip those that were beyond repair.

- Dale Walsh, the general manager, had suspected for some time that the firm might save money and get equally good service by buying its containers from Packages, Ltd.

- Packages, Ltd. was...

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