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Todays Electronics specializes in manufacturing modern electronic components. It also builds the equipment that produces the components. Phyllis Weinberger, who is responsible for advising the president of Todays Electronics on electronic manufacturing equipment, has developed the following table concerning a proposed facility:
PROFIT ($)
STRONG MARKET
FAIR MARKET
POOR MARKET
Large facility
550,000
110,000
310,000
Medium-sized facility
300,000
129,000
100,000
Small facility
200,000
100,000
32,000
No facility
0
0
0
Which location would be selected based on the pessimistic criterion?
Select one:
a.
Large facility
b.
Small facility
c.
No facility
d.
Medium-sized facility

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