1. Business
  2. Operations Management
  3. please answer the question below...

Question: please answer the question below...

Question details

The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows: Size of Outlet Demand Low $1000 $500 $0 High Small Medium Large $1000 $2500 $3000 Q5) If she uses the minimax regret criterion, what size outlet will she decide to lease? A. Large B. Medium C. either medium or large , D. Small E. either small o r mediumPlease Answer the question below

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution