Alternatives 1 and 2 in the following payoff table represent the two possible manufacturing strategies that the EKA manufacturing company can adopt.The level of demand affects the success of both strategies.The states of nature (SI)represent the levels of demand for the company products.S1,S2,and S3 characterize high,medium,and low demand,respectively.The payoff values are in thousands of dollars. 
The best alternative (course of action)for the EKA manufacturing company,using the maximax criterion,is alternative 1.
Definitions:
Exemptions
Provisions that allow individuals or entities to be relieved from an obligation, such as taxes, previously imposed on them.
Corporate Income Taxes
Taxes imposed on the net income (profits) of corporations by the government.
Property Taxes
Government-imposed charges on property, calculated from the real estate's worth, intended to finance community facilities and public infrastructure.
Payroll Taxes
Payroll Taxes are taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.
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