Southland Corporation's decision to produce a new line of recreational products resulted in the need to construct either

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Southland Corporation S Decision To Produce A New Line Of Recreational Products Resulted In The Need To Construct Either 1 (26.11 KiB) Viewed 24 times

Southland Corporation's decision to produce a new line of recreational products resulted in the need to construct either a small plant or a large plant. The best selection of plant size depends on how the marketplace reacts to the new product line. To conduct an analysis, marketing management has decided to view the possible long-run demand as low, medium, or high. The following payoff table shows the projected profit in millions of dollars. Reccomend a decision based on the use of the optimistic approach (indicate the plant size)? Long-Run Demand Plant Size Low Medium High Small 250 300 300 Large 150 300 600 M