How Do Most Companies Manage Their Value Chain

question 33

Multiple Choice

How do most companies manage their value chain?

• A)by using activity-based costing
• B)by creating enterprise resource planning systems
• C)using an action plan
• D)using total-quality management systems

---

Definitions:

Dominant Strategy

A strategy in game theory that yields the best outcome for a player regardless of what strategies other players choose.

Nash Equilibria

A situation in a non-cooperative game where no player can benefit by changing strategies, assuming the other players also don't change their strategies.

Maximin Strategy

A decision rule in game theory that aims to maximize the minimum gain possible from a set of strategies.

Dominant Strategy

In game theory, a strategy that is best for a player, regardless of the strategies chosen by other players.