Eric's refrigerator is four years old and needs some repairs. The warranty has expired. He got a quote that it will cost $250 to fix it. A new, similar refrigerator cost $950 and has eight year warranty. Use the PACED decisions process to decide what Eric should do. Show each step

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26-10-2020
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Eric's refrigerator is four years old and needs some repairs. The warranty has expired. He got a quote that it will cost $250 to fix it. A new, similar refrigerator cost $950 and has eight year warranty. Use the PACED decisions process to decide what Eric should do. Show each step

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JackelineCasarez JackelineCasarez · Answer 1 · 2020-10-30T06:25:52+01:00

Answer:

'PACED' decision-making process primarily aims to actively involve the individual in the decision-making process and decide in a straightforward, rational, and systematic way. As per the steps of this process, Eric must express the problems that are being faced and look for a list of alternatives available for the resolution of the problem. Then, he should pinpoint the criteria that is applicable on the product and after that, he must assess the possible alternatives and make an effective decision that whether he should spend $250 for repairing the refrigerator as the warranty is expired or buy a new one at $950 with 8years of warranty.