Critical thinking assignment Identifying the four stages of problem-solving and decision making Peter Kemp owns a small electronics store. The store's profits have increased and Peter has to decide in which area, if any, to expand his operation. In the first space next to each one, number the actions below 1 through 6 to indicate the order in which Peter would have performed them. Once you have numbered the actions through 6, in the second blank space indicate which stage in the decision making process applies to the action, as follows: (1) identifying the problem and gathering information, (A) identifying alternatives, (E) evaluating alternatives, or (M) making a decision Order / Stage Peter believed he would have to decide whether to continue doing business the same way as in the past, or expand his business. 2. Peter decided to expand the electronic games area. Peter gathered monthly sales and expense information directly related to each different area in the store, for example, electronic games, computers, mobile phones and audio equipment. Peter noticed that the monthly sales and expense information indicated that while the computer area was the most profitable per unit of sales, the electronic games area had the largest increase in number of units sold Peter realises that last year's increased profits may have been due to the better sales performance of one or more areas. Peter used additional market data to assist him in forecasting whether it will be more profitable to sell some computers at a higher profit per unit or more units of electronic games