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John F. Kennedy’s program to promote U.S. interests was entitled
Price War
A competitive situation where businesses continuously lower prices to undercut competitors, potentially at the cost of profit margins.
Payoff Matrix
A visual representation in game theory of the potential outcomes or rewards from different actions or strategies adopted by players.
International Strategy
A business approach used by companies to expand their operations and market presence across national borders.
National Strategy
A comprehensive plan of action developed by a country to guide decisions and achieve rational outcomes.
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