DBA 7180 UNIT 4 ASSESSMENT

DBA 7180 UNIT 4 ASSESSMENT

Strategy refers to the general policies that managers adopt to increase:

J.T. Smith’s company, Gamemaker, sells gambling equipment to gaming service companies. Since the quality of the equipment is difficult to monitor and gamblers are often the source of machine failure, Smith could cheat on the level of machine quality. However, Smith has a strong quality assurance program. A primary reason for that may be:

Dell Computer attempts to collect information about customers before purchase and assemble customized product for the customer. This process tries to:

Finding a way to create and capture value is part of:

The learning effect is one form of:

In terms of business strategy, managers will attempt to adopt business strategies that attempt to:

If two firms exist in the market, it is often expected that the Cournot (Nash) equilibrium will occur. If the firms have significant excess capacity, then it is likely that corporate strategy will emphasize:

Sealed bid construction contracts are examples of market games that are:

Game theory between two firms with two outcomes tends to emphasize:

In a small numbers environment, __________ is a useful managerial tool for considering rivals (competitors) responses to decision-making.

What happens to producer surplus and consumer surplus if transactions costs are reduced?

In the area of agricultural chemicals, the Environmental Protection Agency requires detailed labeling on cans of pesticides and herbicides. Generally speaking, the industry not only does not oppose these labeling requirements, but even supports government sponsored education programs on how to use the these chemicals. Why?