Question: B 3 ( 2 4 marks ) B 3 . 1 Best Bakery draws a decision tree ( Figure 3 ) to help them illustrate

B3(24 marks)
B3.1 Best Bakery draws a decision tree (Figure 3) to help them illustrate what scenarios they have. See Figure 3 below - the decision-tree for Best Bakery showing their two (2) scenarios.
Figure 3
B3.1 Demonstrate your understanding of a decision tree by explaining the branch described as scenario 1. Begin your explanation at PROBLEM and complete your explanation including the triangles of branch 1.
In writing your answer, ensure you apply the terms risk and opportunity (benefit) for Best Bakery (10 marks).
B3.2 The owner of the bakery must guide the employees in making a FINAL group decision from the possible scenarios. Briefly explain why it is important that all the employees agree on the final strategy to be adopted and why there may be arguments over the best decision to make (2 marks).
B3.3 Review figures 4a and 4b (below on next page) that the Best Bakery brainstorming team is using to calculate a risk rating for each scenario the team have identified.
 B3(24 marks) B3.1 Best Bakery draws a decision tree (Figure 3)

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