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Suppose Jim and Celia,a married couple,are trying to decide what to do on a Friday.Jim would prefer to see Rambo X while Celia would prefer to see Das Auto,an arty foreign film.Both films are showing at the local Megaplex.The joy they receive from the films and seeing them together,or separately,is shown in the payoff matrix.Both Jim and Celia know the information contained in the payoff matrix.They purchase their tickets simultaneously,ignorant of the other's choice.
-Which of the following situations does NOT involve game theory?
Clientelling
A method of personalizing service by tailoring product information for individual customers, in order to provide an exceptional and personalized shopping experience.
Salespersons
Individuals who sell products or services to potential customers in exchange for money or other compensation.
Customer-Driven
A business strategy that focuses on creating and delivering value to meet the needs and preferences of customers.
Inventory Management
Involves the overseeing and controlling of the ordering, storage, and use of a company's inventory, which includes raw materials, components, and finished products.
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