Answer:
A Dominant Strategy
Explanation:
In game theory, a dominant strategy as the question states is a strategy that seeks to be the better strategy irrespective of what other players do. It is also a strategy that will always yield the highest payoff regardless of the actions of other players.
There are two types of strategic dominance:
A strictly dominant strategy will always provide greater utility to the player using it irrespective of the action or strategy of others
A weakly dominant strategy may not always give greater utility but the strategy strives to ensure that the same payoff or utility is attained equal to the strategy of other players and a greater payoff is attained wherever possible.
A) Export from the US:
Pros: Little intial cost for the company. Export led growth which is high in return.
Cons:This has problems since we should need a local importer and distributor. We would be dependent on local partners and might not be able to compete effectively.
(B) to license a european firm to manufacture and market the computer in europe.
Pros: Very low cost. We can quickly enter the market. Leave marketing and manufacturing to another firm.
Cons: Again, we lose control over our export market. Dependent on another company. If the relationship breaks down for some reason, it can take the whole European business with it.
C) To set up a wholly owned subsidiary in Europe.
Pros: Can develop the whole company in our own vision. Can apply for and defend patents better. Understand the local market and adapt to it.
Cons: It is very expensive with high costs of investment and operations.
Two-diamond accommodations
The answer would be 71% !
hope this helps !
Options:
- Smith Bus should be excused from performance under the clause for the rights on improper delivery
- Smith Bus should not be excused from performance because it did not act in good faith
- Smith Bus should be excused from performance under the test of commercial impracticability
- Smith Bus can exercise its right of anticipatory repudiation
Answer:
Correct answer is Option c.
<u>Smith Bus should be excused from performance under the test of commercial impracticability
</u>
Explanation:
In this case, Smith cannot fulfil the contract obligation due to an unforeseen event. Hence, Commercial impracticability shall apply.