Solved

Prepare a Payoff Matrix
-A Computer Manufacturer Must Decide Whether $42,000\$ 42,000

Question 197

Multiple Choice

Prepare a payoff matrix
-A computer manufacturer must decide whether or not to market a new product. The new product may or may not be better than the old product. If the new product is better and the manufacturer markets it, sales should increase by $42,000\$ 42,000 . If they market the new product and it is not better, they will lose $30,000\$ 30,000 to competitors. If the new product is not better than the old product and they do not market it, they will lose just the research costs of $11,000\$ 11,000 . If the new product is better than the old product and they do not market it, they will lose $40,000\$ 40,000 . Prepare a payoff matrix.


A)  Prepare a payoff matrix -A computer manufacturer must decide whether or not to market a new product. The new product may or may not be better than the old product. If the new product is better and the manufacturer markets it, sales should increase by  \$ 42,000 . If they market the new product and it is not better, they will lose  \$ 30,000  to competitors. If the new product is not better than the old product and they do not market it, they will lose just the research costs of  \$ 11,000 . If the new product is better than the old product and they do not market it, they will lose  \$ 40,000 . Prepare a payoff matrix. A)     B)     C)
B)  Prepare a payoff matrix -A computer manufacturer must decide whether or not to market a new product. The new product may or may not be better than the old product. If the new product is better and the manufacturer markets it, sales should increase by  \$ 42,000 . If they market the new product and it is not better, they will lose  \$ 30,000  to competitors. If the new product is not better than the old product and they do not market it, they will lose just the research costs of  \$ 11,000 . If the new product is better than the old product and they do not market it, they will lose  \$ 40,000 . Prepare a payoff matrix. A)     B)     C)
C)  Prepare a payoff matrix -A computer manufacturer must decide whether or not to market a new product. The new product may or may not be better than the old product. If the new product is better and the manufacturer markets it, sales should increase by  \$ 42,000 . If they market the new product and it is not better, they will lose  \$ 30,000  to competitors. If the new product is not better than the old product and they do not market it, they will lose just the research costs of  \$ 11,000 . If the new product is better than the old product and they do not market it, they will lose  \$ 40,000 . Prepare a payoff matrix. A)     B)     C)

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents