A Dominant Strategy

question 12

Multiple Choice

A dominant strategy:

• A)is a strong strategy.
• B)guarantees a Nash equilibrium.
• C)is a strategy that is better for a player than any other the player might choose, regardless of the other player's strategy.
• D)depends on the other player's strategy.

---

Definitions:

Total Logistics Cycle

The comprehensive process that includes planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to point of consumption.

Replenishment Time

The duration required to restock or refill inventory to its desired level after it has been depleted.

Efficient Consumer Response

A strategy aiming to optimize the supply chain's efficiency to meet consumers' needs more effectively and at lower cost.

Inventory Management

Inventory management involves overseeing and controlling the ordering, storage, and use of goods and materials that a company sells in its operations.