Table 14-5 Ming and Henri Each Run One of the Two Dry

question 34

Multiple Choice

Table 14-5

Ming and Henri each run one of the two dry cleaning facilities in the town of Scaraby.Both consider offering free pickup and delivery services.Table 14-5 shows the payoff matrix containing the expected quarterly profits for each firm.
-Refer to Table 14-5.Does Henri have a dominant strategy? If yes, what is it?

• A)Yes, Henri's dominant strategy is to not offer free pickup and delivery.
• B)Yes, Henri's dominant strategy is to offer free pickup and delivery.
• C)No, Henri does not have a dominant strategy - his best outcome depends on what Ming does.
• D)Yes, Henri's dominant strategy is to wait and see what Ming does first.

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Definitions:

Economic Markets

Systems or environments within which parties engage in exchange of goods, services, or information.

Business Flexibility

The ability of a company to adapt quickly and efficiently to changes in its external environment, including market demands, technology, and regulatory shifts.

Taylorism

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, also known as scientific management.

Cross-Training

The practice of training employees to perform multiple roles or to undertake tasks outside their traditional responsibilities.