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Explain relationship between strategic moves and commitment

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Reference no: EM132006225

Managerial Economics and Decision-Making Assignment

DISCUSS - Strategic Decision Making

Explain the relationship between strategic moves, commitment and credibility. From this relationship perspective, how would you characterize the bargaining between a customer and a used car dealer? In other words, is the bargaining between a customer and a used car dealer a strategic or nonstrategic interaction? What will be the strategic moves of each of them? How each of them can express their commitment? How each of them can evaluate each other credibility?

Discuss some interaction (any company of your choice) has with another entity (firms producing complementary or substitute products, upstream suppliers, or downstream customers), or between internal divisions within the firm that can be described as a sequential or simultaneous game.

Comment on what you find most interesting and/or useful to business and life in general.

Textbook: Froeb, L., & McCann, B. (2013). Managerial Economics: A Problem-Solving Approach, 4th edition. Cengage.

Chapter 15 - Strategic Games

Chapter 16 - Bargaining

Note - 2 paragraph discussion with reference.

Verified Expert

This assignment deals with the decision-making process, the strategies, which are applied in the decision-making process, the bargaining process between the car dealer and the car buyer. The strategies used by HOLDEN company to make the stronger relationship with the customers, suppliers also highlighted here. At last from this assignment defines the concept of the game theory of the strategy and the decision making process properly.

Reference no: EM132006225

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inf2006225

7/16/2018 11:47:17 PM

You tube videos: https://www.youtube.com/watch?v=wSFVpcs2hpc https://www.youtube.com/watch?v=-ftqgah2O2Q 29351715_1ch 15 Strategic Games.pptx 29351729_2ch 16 Bargaining.pptx WOW; This was very perfectly done I will come back soon with my next assignmetn post.

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