Discuss the Internal Environment and Identify the Elements That Comprise

question 63

Essay

Discuss the internal environment and identify the elements that comprise the internal environment.

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Definitions:

Noncooperative Equilibrium

In game theory, the equilibrium that results when all players choose the action that maximizes their payoffs given the actions of other players, ignoring the effect of that action on the payoffs of other players; also known as Nash equilibrium.

Cable TV Market

A sector of the economy that deals with the distribution and provision of cable television services to consumers.

High Price

A term describing goods or services offered at a price above the average or market rate.

Dominant Strategy

In game theory, a strategy that is optimal for a player, irrespective of what the opponent does.