Game theory useful in developing competitive strategy?, Business Management

? A) Game theory emphasize short-term strategy to be employed in competitive strategies rather than a long-term strategy.

? B) Game theory is about thinking how competitors will respond in both the short term and the long term.

? C) Games suppose competition between dissimilar players so game theory is especially useful in explaining how competition occurs.

? D) Given the inter-dependence of competitors, game theory helps an understanding of how the decisions of one competitor affects upon another.

 

B) Game theory is about thinking how competitors will respond in both the short term and the long term

 

Posted Date: 3/30/2013 7:20:17 AM | Location : United States







Related Discussions:- Game theory useful in developing competitive strategy?, Assignment Help, Ask Question on Game theory useful in developing competitive strategy?, Get Answer, Expert's Help, Game theory useful in developing competitive strategy? Discussions

Write discussion on Game theory useful in developing competitive strategy?
Your posts are moderated
Related Questions
QUESTION 1 As an HR officer, you have been asked to produce an HR Plan for an organization (a) Why should an organization select to engage in some form of Human Resource Pl

i have problem with my organisaion and management assighnment about article based on managerial ethics and social responsibility..

What is the importance of training and education? Importance of Training and Education: Education and training bring workers to a standard; here they can perform industr

Question 1 What is a project? Briefly explain the phases of a project life cycle Question 2 What are the major challenges of an entrepreneur in project formulation?

1. WHOM DO YOU THINK RAJENDER WILL EAT WITH? WHY? 2. IF YOU WERE ONE OF THE OTHER FOREMEN, WHAT COULD YOU DO TO MAKE RAJINDER''S TRANSITION EASIER?

In general light shades for coloring surfaces are recommended in factories. However for the sake of contrast machine with moving parts should be painted dark ( preferably re

It is characterized by the number of manufacturing stages and the inter relationship between various production operations e, g, in product line systems inventory con

Q6. Explain the different delivery styles that speakers can select for their presentation

Question 1: Explain the importance of analyzing the personality of an individual in enhancing organizational performance. Question 2: Define organizational culture and

Start a new workbook and develop a spreadsheet solution for Gareth's Gardens in order for him to efficiently record his garden orders and produce his customer invoices. The soluti