Investments in Information Technology Can Allow a Business to Lock

question 89

True/False

Investments in information technology can allow a business to lock in customers and suppliers, and lock out competitors, by building valuable new relationships with them.

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Definitions:

Security Guard

A person employed to protect property, assets, or people.

Nash Equilibrium

A concept in game theory where no participant can gain by changing strategies if the other participants remain unchanged.

John Nash

An American mathematician known for his pioneering work in game theory, and the Nobel laureate in Economic Sciences.

Nash Equilibrium

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