Question: A specialty software development firm is planning to offer one of four new software products and wishes to maximize profit, minimize risk, and increase market

A specialty software development firm is planning to offer one of four new software products and wishes to maximize profit, minimize risk, and increase market share. A weight of 65% is assigned to annual profit potential, 20% to profitability risk, and 15% to market share. Use the tabular additive method for this situation and identify the product that would be best for the firm to introduce.
New Product Profit Potential ($) Profit Risk ($) Market Share
SW I 100 K 40 K High
SW II 140 K 35 K Low
SW III 150 K 50 K High
SW IV 130 K 45 K Medium

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