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

Question

2 years ago

3

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 costs $950 and has an eight-year warranty. Use the PACED decision process to decide what Eric should do. Show each step.

History

1 answer:

castortr0y [4] · Answer 1 · 2023-12-31T05:52:55+03:00

'PACED' decision-making involves the person in a plain, reasonable, and methodical approach. Eric must discuss the challenges he's facing and hunt for solutions. Then, he should identify the product's requirements, examine the alternatives, and decide whether to repair the refrigerator for $250 because the guarantee has expired or purchase a new one for $950 with an 8-year warranty.

This is further explained below.

<h3>What is a warranty?</h3>

Generally, A manufacturer's warranty, or manufacturer's guarantee, is a sort of assurance made by the manufacturer or a third party about the quality of the goods. It also covers the conditions under which the product may be returned for an exchange or repair if it turns out to be defective.

In conclusion, The 'PACED' style of decision-making encourages the individual to take a direct, logical, and systematic approach to the problem. When Eric is having trouble, he needs to talk about it and look for answers. The next step is for him to figure out what he needs the product to do, weigh his options (fix the fridge for $250 since the warranty has expired or buy a new one for $950 with an 8-year warranty), and make a decision.