Answer:
Business model innovation
Explanation:
Business model innovation is not about the innovation of new technologies but it is about existing technologies where existing products made and the existing market will be there where the product launched.
It is very simple and based on existed technologies. The changes are invisible to the world and the changes bring innovative changes that others could not copy it.
A framework about the product will help the manager in establishing a reliable and innovative discipline. There should be an innovative idea that can change the perspective of the business model and where can a manager take the decision in favor of innovative business development.
Answer: asymmetric information
Explanation:
Asymmetric information is also called information failure, it occurs when one person possesses more material knowledge than the other person in a transaction. It occurs when the seller of a good or service has more adequate knowledge than the buyer of the goods.
Emma has more knowledge of the bicycle because he owns it than friedrich who wants to buy. Asymmetric information is often very important especially in a profession as it makes an individual stand out and makes such person continuously search for more knowledge to be a master in a field.
We need just a bit more information. What are you wanting us to find out?
Answer:
Option C, Game theory, is the right answer.
Explanation:
The “ Game Theory” is the correct answer because the game theory includes the interaction or takes into consideration of the interaction between the candidates of game theory in order to make profitable decisions. Moreover, in game theory when both the candidate equally benefits or equally loss then the situation is termed as Nash equilibrium. In addition to this, if the player (candidates) always gets greater utility then this is termed as the dominant strategy.
