Answer:
B. Dominant Strategy
Explanation:
A dominant strategy is one in which the individual wants higher payoff regardless of its others choice. In this strategy the individual does not consider what other players strategy is. They are looking for maximizing their returns.
In the given scenario Joe is also considering dominant strategy as he is not concerned with what strategy Sam will follow. Joe wants to keep its price at $3 per gallon even if Sam cuts the price.
Answer:
Paolo buys a new set of tools to use in his plumbing business. I: Paolo is investing in his plumbing business by purchasing tools.
Kenji buys a sweater made in Guatemala. M: Kenji is purchasing an imported good which decreases the GDP.
Lucia gets a new video camera made in the United States. C: Lucia's purchase increases private consumption.
Kenji's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China. X: Kenji is exporting services to an Australian firm.
The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore. G: the state government spent money on repaving a highway.
Answer and Explanation:
The traditional adversarial relationship with suppliers would change when a firm makes a decision to move to the new suppliers. The firm would focus more on the channels that provides more growth prospects.
Firms seek to build long term relationships with the few suppliers. Such long run relationship makes it more likely to recognize the specific objectives of the acquiring firm and the end customer.
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