This Regret Matrix Gives Values for Strategies S1, S2, and S3

question 83

True/False

This regret matrix gives values for strategies S1, S2, and S3 for the Bigg Company and competitive strategies CA1, CA2, and CA3 for the Large Company.A minimax Bigg manager choosing S3 would have a greatest possible regret of 2.
CA1 CA2 CA3
S1 5 5 3
S2 9 6 1
S3 10 2 5

---

Definitions:

Behaviour

The actions or reactions of an individual in response to external or internal stimuli, often observed in the context of society or an organizational setting.

Legitimate Power

Authority that is recognized and accepted, based on a person's position or role within an organizational hierarchy.

Organizational Position

A specific role or rank within an organization, typically associated with certain responsibilities and authority.

Behaviour

A range of actions and mannerisms made by individuals, organisms, systems, or artificial entities in conjunction with their environment, which includes other systems or organisms around as well as the (inanimate) physical environment.