Haji Ismail Company is going to introduce one of the three new products: keropok, satay, and chips. As the market conditions (favorable, stable or unfavorable) tend to affect the payoffs of the products. Table 1: Condition of payoffs of Ahmad Company Product Favorable Stable Keropok Satay 18,000 12,000 9,000 11,000 7,000 Unfavorable -5,000 2,000 Chips 10,000 -6,000 What the objective that can be derived from the given situation? Select one: O A. The objective to produce the products. OB. The objective to determine the market condition. O C. The objective to determine which product can be introduced to ensure the highest payoff. OD. The objective to determine minimize the cost of production.
Haji Ismail Company is going to introduce one of the three new products: keropok, satay, and chips. As the market conditions (favorable, stable or unfavorable) tend to affect the payoffs of the products. Table 1: Condition of payoffs of Ahmad Company Product Favorable Stable Keropok Satay 18,000 12,000 9,000 11,000 7,000 Unfavorable -5,000 2,000 Chips 10,000 -6,000 What the objective that can be derived from the given situation? Select one: O A. The objective to produce the products. OB. The objective to determine the market condition. O C. The objective to determine which product can be introduced to ensure the highest payoff. OD. The objective to determine minimize the cost of production.
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Transcribed Image Text:Haji Ismail Company is going to introduce one of the three new products: keropok, satay, and chips. As the market conditions
(favorable, stable or unfavorable) tend to affect the payoffs of the products.
Table 1: Condition of payoffs of Ahmad Company
Favorable
Product
Keropok
Satay
18,000
12,000
Stable
11,000
9,000
7,000
Unfavorable
10,000
-5,000
Chips
-6,000
What the objective that can be derived from the given situation?
2,000
Select one:
O A. The objective to produce the products.
OB. The objective to determine the market condition.
O C. The objective to determine which product can be introduced to ensure the highest payoff.
OD. The objective to determine minimize the cost of production.
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