与此同时，我也了解了盈亏平衡决策对于新项目和当前商业项目的重要性。盈亏平衡点是指企业没有利润也没有亏损的情况(Brigham and Houston, 2015)。我了解到在计算销售时对预期利润的考虑如何影响有关销售单位和销售价值的决策。它提高了我对决策作为一种管理活动的重要性的认识。因为作为一个管理者，我可以运用所有这些知识，为公司做出有效的决策做出贡献。
Reflection on the Experience
Throughout the subject, I have learned many things that I believe have created an increases awareness of the significance of decision-making as a management activity. For instance, I have come to know that during inventory management, managers need to take effective decisions related to the quantity of material to be purchased or held. Additionally, I have also learned that managers need to take effectual decisions that lower the total ordering and carrying costs for the firm (Greasley, 2007). I have learned that decisions related to inventory management can play an important role in the success or failure of the company. It is because in the current dynamic business environment, a right decision about inventory can ensure the firm’s success or vice versa. I have also learned about the use of EOQ model to make effective inventory decisions. EOQ denotes to the material’s quantity to be purchased by each order with the purpose to reduce the firm’s carrying costs and ordering costs (VanDerbeck, 2007). At the same time, I have also learned that EOQ model has also some weaknesses which further acknowledged me that it is also difficult for managers to select an appropriate method for managing inventory.
Moreover, I have also learned about how special orders impact on the firm’s regular business. I have learned that managers’ decision-making skills and capabilities play an important role in relation to special orders. I have come to know that the managers need to consider different financial and non-financial aspects while making decisions related to accept such orders. I have also learned that mainly financial and profitability aspects are important for making such decisions. In addition, as the given scenario shows how customers can demand for price discounts as a result of special orders, it also learned me the importance of decision making. For the reason, it is essential to consider all the aspects while making decisions so that an effective decision can be made in order to maximize the business profits.