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Delicious77 [7]
3 years ago
14

Wal-Mart was one of the most successful firms of the 1970s and 1980s. Much of Wal-Mart's success can be credited to its expansio

n strategy: they rushed to open the first discount store in small towns that could only support one discount store. In the language of game theory Select one:
a. Wal-Mart was a dominant firm
b. Wal-Mart made empty threats
c. Wal-Mart employed a maximin strategy
d. Wal-Mart employed a preemptive strategy
Business
1 answer:
enyata [817]3 years ago
8 0

Answer:

The correct answer is letter "D": Wal-Mart employed a preemptive strategy.

Explanation:

Game Theory is a branch of Economy that studies the decisions in which an individual could succeed if he or she takes into account the decisions of the rest of the participants involved in the event. Game Theory has also been applied for subjects such as <em>Mathematics, Managements, Psychology </em>or <em>even Biology. </em>

In the game theory, the Preemptive Strategy is implemented when individuals take a step before other participants in an attempt of having a favorable outcome of the situation. They lead the event using creativity. Thus, <em>Wal-Mart used the preemptive strategy by opening stores in small towns that supported only one discount store.</em>

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You want to quit your job and go back to school for a MBA 4 years from now, and you plan to save $8,800 per year, beginning imme
dsp73

Answer:

  • <u><em>d. $40,510.15 </em></u>

Explanation:

The following tables will make it easier understanding the calculations.

Every year, you add the deposit of $8,800 to the starting amount, calculate the 5.7% interest over the balance, add the interests to the balance and obtain the final balance of the year, which is the starting balance of the next year.

<u>First year</u>:

Start ($):                      0

Deposit ($):                8,800

Balance ($):               8,800

Interest($):                 5.7% × 8,800 = 501.60

Final balance ($):      8,800 + 501.60 = 9,301.60

<u>Second year</u>:

Start ($):                    9,301.60

Deposit ($):              8,800

Balance ($):             9,301.60 + 8,800 = 18,101.60

Interest($):               5.7% × 18,101.60 = 1,031.79

Final balance ($):    18,101.60 + 1,031.79 = 19,133.39

<u>Third year</u>:

Start ($):                    19,133.39

Deposit ($):              8,800

Balance ($):             19,133.39 + 8,800 = 27,933.39

Interest($):               5.7% × 27,333.39 = 1,595.20

Final balance ($):    27,933.39 + 1,595.20 = 29,525.59

<u>Fourth year</u>:

Start ($):                   29,525.59

Deposit ($):              8,800

Balance ($):             29,525.59 + 8,800 = 38,325.59

Interest($):               5.7% × 38,325.59 = 2,184.56

Final balance ($):    38,325.59 + 2,184.56 = 40,510.15

7 0
3 years ago
An increase in the standard of living results from an increase in which of the following?​
Alenkinab [10]

Income and employment.

Standard of living is the level of wealth and comfort available to individuals.

7 0
3 years ago
Read 2 more answers
Wessner Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.20 Direct labor $
monitta

Answer:

d. $13.00

Explanation:

contributon margin = selling price - variable cost

sales price: $25 per unit

<u>list of variable cost:</u>

Direct mateirals              6.20

Direct labor                     2.80

variable overhead           1.45

sales commisions            1.00

adminsitrative variable<u>   0.55  </u>

total variable cost         12.00

$25 selling price per unit - $12 variable cost per unit =

$13 contribution margin per unit

This is the amount each units "contributes" to ay the fixed cost and make a gain during the period.

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3 years ago
Ancient egyptian clothing is comprised almost completely out of one variety of fiber/textile. which one?
prisoha [69]

Ancient Egyptian clothing is comprised almost completely out of one variety of <u>textile</u>

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<h3><u>What did Egyptians use as textiles?</u></h3>
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1 year ago
An economy in which the interaction of supply and demand determines the quantity in which goods and services are produced is cal
mihalych1998 [28]
It is called a Command Economy. 
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