Toft 3 Overview Question 2 Maytar Los currently suffering from a depression in the market for its products and needs to decide which of the products it should continue produce, so that can maxime profits. They have recently employed the services of Mayor Lid who have researched Maytard and their products and have produced the following information Maytar Ltd have provided information for three levels of demand, low. medium and high and the probatuses for each vet of demand ms 201,60% and 30% respectively The net incomes for each product are Product AC70,000 130,000. 160.000 Product BC130.000 100.000, C270,000 Product CC195.000 250.000.000.000 Required: a) Construct the payoff table for the three products (2 marks) More B Overview 1 oft ove Product : C130.000 100.000 270.000 Product CC90.000 250.000 100.000 Required a) Construct me payoff for the three products 12 marks) . B 1 11 E EE a 3 T . 1 b) Produce, where needed Information which will allow you to state which product you would recommend that management producer using the following decision rules More maximin rule, Overview 1 of 1 Over D) Produce where needed, information which willow you to state which product you would recommend that mange produce using the following decision The maxime (10) The maximux rule: The minimak regret rule OM) Expected value of profa (5 marks) B 7 1 iii IH ET T I More BOverview MacBook Air ol Over 0760 Word limit d) Discuss the problems a company may have by looking at short-term profit as a measure of performance (15 marks (300 word limit Total: 25 marks B / C. :: T T T 0/300 Word More Overview