Answer: d) both B and C
Explanation: Nash equilibrium is a concept within game theory where the optimal outcome of a game is where there is no incentive to deviate from their initial strategy.
Because if Sarah hit Tom, they will both experience a loss of 10 points
Also, not telling gets Tom a loss of 5 but Sarah will gain 5.
This will keep both of them in a nash equilibrium.
When conducting a swot analysis, managers can identify opportunities and threats by analyzing the external marketing environment.
Examining a company's industry environment through external analysis entails taking into account elements like competitive structure, competitive position, dynamics, and history. The process by which businesses unbiasedly evaluate the changes made to their industry and the larger world that could affect their current business operations is known as an external analysis, also known as environmental analysis. Companies take these steps to make sure they can adjust to changes and remain successful in their industry. Macroeconomic, international, political, social, demographic, and technological analysis are all examples of external analysis. The phrase "marketing environmental analysis" describes a strategic analysis tool that aids in locating internal and external environmental factors that have an impact on an organization's capacity to function effectively.
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Answer:
The correct option is: c) Marketing
Explanation:
Marketing is a component of business management that focuses on the customers. It refers to the use of various processes and activities to satisfy the needs of the customers.
Marketing includes advertising, defining the various features and benefits of the developed product, identifying the target market, attracting customers, delivering products and managing relationships with the customers.
Answer:
Expected value of profit=$1085
Explanation:
Given Data:
At 0.40 probability:
Loss=$24,600 (will be negative value in final calculations)
At 0.25 probability:
Profit=$11,700
At 0.16 probability:
Profit=$50,000
At 0.19 probability:
Profit=$0
Required:
Expected value of the profit=?
Solution:
Expected value of profit=0.40(-24,600)+0.25(11,700)+0.16(50,000)+0.19(0)
Expected value of profit=$1085
Answer:
Elastic demand means there is a substantial change in quantity demanded when another economic factor changes typically the price of the good or service, whereas inelastic demand means that there is only a slight or no change in quantity demanded of the good or service when another economic factor is changed.
Explanation:
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