New Value Creation Is a Major Engine for Economic Growth

question 42

Multiple Choice

New value creation is a major engine for economic growth and is the main focus of ________ strategy.

• A) portfolio
• B) corporate-level
• C) business-level
• D) entrepreneurial

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Definitions:

Maximin Strategy

A decision-making rule used in uncertain situations, aiming to select the option with the least possible loss or the maximum of the minimum gains.

Dominant Strategy

A strategy that is the best for a player in a game, regardless of the strategies chosen by other players.

Stackable Discounts

The ability to apply multiple discounts in succession to an initial price, cumulatively reducing the final cost.

Maximin Strategy

A decision rule used in game theory and decision theory for minimizing the possible loss for a worst-case (maximum loss) scenario.