Using the Maximin Criterion You Identify the Best Payoff for Each

question 29

True/False

Using the maximin criterion you identify the best payoff for each alternative and then choose the alternative that is the "worst of the best".

---

Definitions:

Virtual Spaces

Digital environments that allow users to interact with each other and digital objects within a computer-generated or internet-based context.

SAM

Serviceable available market; the section of the TAM that your product or service intends to target.

SOM

Share of market; the portion of SAM that your company is realistically likely to reach.

TAM

Total available market; the total market demand for a product or service.