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? 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
What is Inventory Control? Inventory Control: Scope and importance of Inventory Control: It is the scientific method of determining how much stock is maintained so as to
1. Increasing the organization ability to compete with rival firms and remain competitive over the long run. JIT allows organizations to develop an optimal process ( well in
gaining comparatively at someone else''s expense
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explain the concept of combination layout
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