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icang [17]
3 years ago
13

Elly owns a small coffee shop. She has only one employee. One weekend, she decided to take a break from work. She is wondering w

hether she should trust her employee to run the shop in her absence. If she does not trust him, she would have to keep the shop closed, in which case neither she nor her employee will be able to make money. On the other hand, if she trusts him, he can either cooperate and run the shop, or he can defect and steal from the shop. If he cooperates, both of them will earn money. If he steals from the shop, he will make more money while she will lose.
Refer to the scenario above. Elly should use ________ to make her decision.
A) mixed strategies
B) backward induction
C) forward induction
D) her dominated strategy
Business
1 answer:
yanalaym [24]3 years ago
4 0

Answer: (B) Backward induction

Explanation:

 The backward induction is basically used for making the decisions and it is the process of solving the various types of problems by determining the action properly.

In any type of situation, the backward induction basically used the optimal strategy type for making some effective result of the given situation.

According to the given scenario, Elly should use the backward induction process for making the decisions more effectively regarding her shop.

Therefore, Option (B) is correct.

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What are the major differences between a distributionchannel for a business making tangible products anda firm producing hospita
max2010maxim [7]

Answer:

Following are the responses to the given question:

Explanation:

The distribution channel contains several interdependent organizations responsible for the production of a material to be used or use. Different types of goods were available - either qualitative and quantitative. Although two may lead to satisfied customers, the advertising and marketing of goods differ greatly.

There are tangible items that we can see, sound, and feel. For example, in my hand, I could hold a DVD. Immaterial materials are not visible. You can hold insurance papers in the hands, for example, but it doesn't purchase. People can buy family life insurance, and they can see, touch and smell.

The tangible product distribution includes stock or retailer. It includes primarily producers, distributors, suppliers, retailers, or customers.

Generosity or travel products are distributed through companies, marketing officials, distributors, and consumers.

4 0
3 years ago
________ distribution is a product distribution strategy that involves stocking the products in as many outlets as possible.
djyliett [7]

Answer:

The answer is intensive distribution strategy.

Explanation:

Intensive distribution strategy occurs when a company tries to sell their products through as many outlets as possible, thus ensuring that customers will encounter the company’s products in various distributor points. It is generally done to increase sales of products. Companies that would use this type of strategy are typically those that are competing in a perfect competition market, since product unavailability would just make customers of the product use a different brand from a competitor’s company instead.

6 0
3 years ago
If you were to start a business, which ownership form would you choose? What factors might affect your choice?
Ivenika [448]

Answer:

If I were to start a business, I will choose Sole Proprietorship.

Explanation:

Reasons why I will choose Sole Proprietorship

* I will be the sole owner and responsible for my business.

* All profits (and loss) will belong to me, means the more I work harder, the more return I (alone) will get.

* I can make all the decisions by myself, without the interference of any other person.

* I can expand my business as per my convenience and hard work, if I succeed I can eat all the fruits myself.

* I can grow my business as much I want.

* No one will be my boss, I will be setting my own working hours and work load etc.

8 0
3 years ago
Palace Company has two service departments and two user departments. The number of employees in each department is:Personnel 10C
joja [24]

Answer:

$3,483.17

Explanation:

Calculation for the amount of cost allocated to the Cafeteria under the step method

Using this formula

Allocation to Cafeteria=[Cafeteria/(Cafeteria+Producing Department A+Producing Department B)]×Budgeted costs

Let plug in the formula

Allocation to Cafeteria=[25/(25 + 308 + 287)] x $72,450

Allocation to Cafeteria=(25/520)×$72,450

Allocation to Cafeteria=0.0480769231×$72,450

Allocation to Cafeteria=$3,483.17

Therefore the amount of cost allocated to the Cafeteria under the step method would be $3,483.17

8 0
3 years ago
120*45+120*54*120+0+0+0+0+0+0+0=
IRINA_888 [86]

Answer:

783000

Explanation:

3 0
3 years ago
Read 2 more answers
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