List and Briefly Describe the Forces Affecting Local Integration and Global

question 30

Essay

List and briefly describe the forces affecting local integration and global marketing.

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Definitions:

Extensive Form

A representation of a game that shows the sequence of moves, their possible outcomes, and payoffs for each player.

Strategic Form

Strategic form, often referred to in game theory, is a representation of a game that summarizes the strategies and their respective payoffs for all players.

Credible Threats

A concept in game theory where a threat made by one party to another is believable and likely to be executed if conditions are not met.

Repeated Game

A strategic scenario where the same game (decision-making situation) is played multiple times, allowing for strategy revisions based on past outcomes.