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- Two animals are fighting over some prey. Each can be passive or aggressive. Each prefers to be aggressive if its opponent is passive, and passive if its opponent is aggressive; given its own stance, it prefers the out- come when its opponent is passive to that in which its opponent is aggressive. Formulate this situation as a strategic game and find its Nash equilibria.What might be a first mover risk?You have sent you shipment to your international customer against a sales contract and submitted the documents including invoice and bill of lading. Your customer now develops cold feet and wants to pull out of the contract and does not want the goods anymore. Your customer thus refuses to receive the documents and clear the goods through customs in the importing country. You are now stuck in a situation where your goods are at a port terminal in a foreign country and you will not be paid. Explain how you will resolve the situation? Specifically what terms of payment could you have used that would "rescue" you when such a situation occurs? Clearly explain and provide justification as part of your answer.(Urgent please help, It's not an essay)
- When to make a strategic move is often as crucial as what move to make. Timing is especially important when first-mover advantages and disadvantages exist. Under certain conditions, being first to initiate a strategic move can have a high payoff in the form of a competitive advantage that later movers cannot dislodge. Moving first is no guarantee of success, however, since first movers also face some significant disadvantages. Indeed, there are circumstances in which it is more advantageous to be a fast follower or even a late mover. Because the timing of strategic moves can be consequential, it is important for company strategists to be aware of the nature of first-mover advantages and disadvantages and the conditions favoring each type of move. The goal of this exercise is for you to understand when being a first mover, a fast follower, or a late mover is most advantageous. When is it competitively advantageous to be a first mover?Consider the following situation: You are playing rock, scissors, and paper with a friend. Which decision-making situation is described in this example?PREAMBLE The recent Akosombo Dam spillage has displayed an estimated 35,857 people including children. People have lost their belongings and livelihoods. Schools, hospitals, and shops have been destroyed. The United Nations Relief and Works Agency (UNRWA) in collaboration with the Government of Ghana and the Youth Association of the area has decided to relocate permanently the displaced citizens to a 5,000-hectare piece of land acquired from the chiefs and people of Saglemi in the Greater Accra Region. The UNRWA will provide funding to the tune of US$600 million. The funds for the acquisition of the land are provided by the Government of Ghana and the United Tongu Youth Association in the Diaspora. The Entire Project has been contracted to a Consortium of three colleagues at KNUST. The College of Art and Built Environment, College of Engineering, College of Health Sciences, and College of Social Sciences. 2. THE PROJECT The relocation is in FOUR PHASES as follows: Phase 1:…
- which possible alternative would provide the greatest benefit to the greatest number?Three companies A, B and C are in competition and are currently holding 30%, 30% and 10% of the total market share respectively. Company A retains 60% of its customers and losses 20% to B and 20% to C. Company B retains 70% of its customers and losses 10% to A and 20% to C. Company C retains 60% of its customers and losses 30% to B and 10% to A. Estimate the market share in the long run.You have decided to move into an apartment with your best friend shortly after graduating from high school. Create a roommate agreement that makes sure you and your friend agree on your living arrangements.
- Determine the optimal strategy for each player by successively eliminating dominated strategiesduring the past four months, george vazquez has been putting together his plan for a new venture. george wants to open a pizzeria near the local university. the area has three pizza enterprises, but george is convinced that demand is sufficient to support a fourth. the major competitor is a large national franchise unit that – in addition to its regular food service menu of pizzas, salads, soft drinks, and desserts – offers door-to-door delivery. this delivery service is very popular with the university students and has helped the franchise unit capture approximately 40 per cent of the student market. the second competitor is a ‘pizza wagon’ that carries precooked pizzas. the driver circles the university area and sells pizzas on a first come, first-served basis. the pizza wagon starts the evening with 50 pizzas of all varieties and sizes and usually sells 45 of them at full price. the last 5 are sold for whatever they will bring. it generally takes the wagon all evening to sell the 50…Assume your company operates 60% of the wells in an aging field in Scurry County Texas. The field has reached the stage in its development where a waterflood is required or the field will quickly decline into a very large number of marginal wells. Your company has determined that a waterflood is feasible but it would require the cooperation of the other 40% of the operators in the field. Thus an unitization agreement is required. What would your strategy be for negotiating that agreement? What would be the steps required to have an approved unitization agreement in that field?