In a small numbers environment, _____________ is a useful managerial tool for considering rivals (competitors) responses to decision-making.
A) game theory
B) competitive market theory
C) risk sharing theory
D) intra-firm strategy

Question

Quizplus · Accepted Answer

Game theory is a useful managerial tool for considering rivals' responses to decision-making in a small numbers environment. It involves analyzing the strategic interactions and decision-making of multiple individuals or entities in a competitive situation, such as businesses competing for customers in a marketplace. Using game theory, managers can anticipate the actions and reactions of their rivals and develop effective strategies to achieve their own objectives.

In a Small Numbers Environment, _____________ Is a Useful Managerial