__________ Are Used by Organizations in Order to Assess the Savings

question 39

Multiple Choice

__________ are used by organizations in order to assess the savings associated with different decisions.

• A) Focus groups
• B) Discriminant analyses
• C) Utility analyses
• D) Taylor-Naylor-Fayva tables

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Definitions:

Oligopoly

A market structure characterized by a small number of firms whose decisions affect and are affected by each other.

Nash Equilibrium

A concept in game theory where each player's strategy is optimal given the strategies of other players, and no player has anything to gain by changing only their own strategy.

Economic Profit

The difference between total revenue and the total opportunity costs (both explicit and implicit) of all resources used by a business.

Dominant Strategy

A strategy in game theory that yields the best outcome for a player, no matter what the other players do.