Sean Is Thinking About Creating an Automatic Cat Feeder Similar

question 17

Multiple Choice

Sean is thinking about creating an automatic cat feeder similar to one that he created for dogs.He talks to several cat owners to find out what they dislike about feeding their cats.He also takes a look at current cat feeders and asks the same cat owners what they like and don't like about the feeders.These actions consist of asking questions and what other step in scientific experimentation?

• A)a pilot study
• B)hypothesis testing
• C)background research
• D)prototyping

Understand the prisoner's dilemma as a specific example of game theory applications.

Understand the basic concepts of game theory, including strategies, payoffs, and Nash equilibrium.

Identify actions as dominant strategies when they are the best outcome regardless of others' actions.

Comprehend the structure and implications of the prisoners' dilemma in strategic decision-making.

---

Definitions:

CRM

Customer Relationship Management (CRM) refers to practices, strategies, and technologies that companies use to manage and analyze customer interactions and data throughout the customer lifecycle.

Push/Pull View

A concept in supply chain management that divides processes into two categories: 'push' systems that forecast demand and 'pull' systems that respond to demand signals.

Supply Chain

The interconnected system comprising people, entities, resources, processes, and technology that participates in producing and distributing a product, from sourcing raw materials to manufacturing and ultimately delivering to the consumer.

Strategic Decisions

High-level choices that determine the overall direction of an organization, influencing its long-term performance and success.