Answer to Question #69508 in Other Marketing for anthony

Question #69508
5. You are trying to set the selling price to one of your companies products and there are three prices under consideration. They are sh. , sh. 4.30 and sh. 4.40 per produ8ct. The following information is also available. Conditions Alternative prices Sh. 4.00 Shs. 4.30 Shs. 4.40 Best possible 16,000 14,000 12,500 Most likely 14,000 12,500 12,000 Worst possible 10,000 8,000 6,000 Advice the company on the best price to charge using: i. Maximin method ii. Minimax regret criterion
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