Imagine you are a manager for a seafood distributer on the West Coast. Lately, in part due to overfishing, you have found that the price of rockfish has risen dramatically. In fact, you are
paying twice the amount per pound for rockfish than you did last year. You have been with your
rockfish supplier for a couple years, and you like their product. However, your company just
can't afford to keep buying fish at double the price. The CEO of the company puts you in
charge of finding a new rockfish supplier. You are in charge of drafting the project name,
constructing the budget, deadlines, and doing the analytical work required to calculate the
best price. You have a week to get the project details to the CEO.
1. Now that you are in charge of finding a new supplier for rockfish, what is your first step? Why
should this be your first step? (1 point)