See the Operations Profile on Zara

question 22

Multiple Choice

See the operations profile on Zara.The phrase fashion doesn't sleep refers to ______.

• A)fashionable garments for daytime wear
• B)the dynamic nature of the fashion industry
• C)the fact that operations management in the fashion industry is a 24/7 undertaking
• D)Zara needs to design clothing that can be worn 24/7

---

Definitions:

Prisoner's Dilemma

A game theory scenario demonstrating why two rational individuals might not cooperate even when it appears that it is in their best interest to do so.

Robert Axelrod

A political scientist known for his work on the theory of cooperation and competition, including the development of the iterated prisoner's dilemma model.

Tit-for-tat

A strategy in game theory where a player responds to an opponent's action with equivalent action, promoting cooperation by rewarding cooperation and punishing defection.

Prisoner's Dilemma

A scenario in game theory that illustrates why individuals might not cooperate, even when it seems that doing so would be in their collective best interest.