This Payoff Matrix Gives Potential Dollar Gain Values in Thousands

question 85

Multiple Choice

This payoff matrix gives potential dollar gain values in thousands for strategies S1, S2, S3, and S4 for Sam's Pizza and competitive strategies CA1, CA2, and CA3 for Pam's Pizza.If Sam chooses S4, how is he feeling about the business climate?

• A)Sam is feeling optimistic because he has chosen a maximax strategy.
• B)Sam is feeling pessimistic because he has chosen a maximin strategy.
• C)Sam is feeling optimistic because he has chosen a maximin strategy.
• D)Sam is feeling pessimistic because he has chosen a maximax strategy.

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Definitions:

Domestic Partnership

A legally recognized relationship between two individuals who live together and share a domestic life but are not married.

Civil Union

A legally recognized union of a couple, similar to marriage, that can offer similar protections and rights without the religious or social connotations of marriage.

Civil Marriage

A marriage recognized legally by the state or government, not requiring a religious ceremony but adhering to legal statutes.

Homogamy

A marital union where partners are similar to each other when it comes to age, personality, and cultural interests.