Refer to the Table Below to Answer the Following Questions

question 70

Multiple Choice

Refer to the table below to answer the following questions.
Table 14.2.7
-Refer to Table 14.2.7.Disney and Fox must decide when to release their next films.The revenues received by each studio depend in part on when the other studio releases its film.Each studio can release its film at Thanksgiving or at Christmas.The revenues received by each studio,in millions of dollars,are given in the payoff matrix above.Which of the following statements correctly describes Disney's strategy given what Fox's release choice may be?

• A)If Fox chooses a Thanksgiving release,Disney should choose a Christmas release.
• B)If Fox chooses a Christmas release,Disney should choose a Thanksgiving release.
• C)Disney should release on Thanksgiving regardless of what Fox does.
• D)Disney should release on Christmas regardless of what Fox does.
• E)Both answers A and B are correct.

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Definitions:

Supply Function

A mathematical model that describes the quantity of goods that producers are willing and able to sell at different prices, assuming other factors remain constant.

Integrate Suppliers

The process of closely combining the operations, systems, or processes of suppliers with those of the purchasing company to improve efficiency and coordination.

Conduct Activities

The process of organizing, directing, and overseeing actions or operations in various settings or projects.

Balance Sheet

A financial statement that provides a snapshot of a company's financial condition at a specific point in time, including assets, liabilities, and shareholder equity.