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What are the most important differences between a person-to-person and an issue-oriented home style?
Centralized Purchasing
A procurement strategy where purchasing decisions and processes are handled by a single, central department within an organization.
Equilibrium
a state in economics where supply equals demand, resulting in a stable market condition.
Trigger Strategy
A strategy in repeated games where a player's response is conditioned on past behavior, such as retaliating or cooperating based on the other player's previous actions.
Repeated Game
A strategic interaction that occurs multiple times, allowing players to potentially develop strategies based on past outcomes.
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