Two firms are in the chocolate market. Each can choose to go for the high end of the market (high quality) or the low end (low quality).

Resulting profits are given by the following table:

FIRM 1 / FIRM 2 l LOW l HIGH
LOW l -20, -30 l 900,600
HIGH l 100,800 l 50,50

a. Consider the simultaneous game where Firm 1 (the row player) and Firm 2 (the column player) decide on the quality at the same time. Using the Method 1 (the intersection of best responses), find out the Nash equilibria, if any.

b. Draw a game tree representing this simultaneous game given in section a.

c. Next consider a variation of this game. Suppose Firm 1 is the leader, he decides first on the quality. Then, the Firm 2 decides on the quality knowing the decision of Firm1. Draw the game three of this sequential game. Find the Subgame Perfect Nash Equilibrium of this game by backward induction method.

d. Draw a table representing this sequential game given in section c.

Jimmy owns an ice cream parlor. he designs a schedule for the different tasks the employees have to perform in order to prevent monotony at work. according to the schedule, if an employee makes waffle cones on a day, he serves ice creams the next day and clears the tables on the day after that. jimmy is using the approach at his ice cream parlor.

You decide that structural changes must be made at holden evans immediately to deal with the additional product lines. equipment and employees will have to be moved around to optimize production of all of the products in house. this shouldn't be too difficult because many of the vitamins and supplements are produced using similar processes. you have several options available to facilitate this process. which of the following methods do you think is the best choice? select an option from the choices below and click submit. because the changes may result in the loss of several key employees, you hire outside consultants who specialize in hr law. this way any employee terminations will not result in lawsuits. you select an outside consulting firm that your company has never worked with before, but it has a reputation for using new technology in product lines that are similar to yours. you select several trusted managers to facilitate the transition of operations from overseas. these individuals can gather information and also smooth any rough spots that may occur.

What is the advantage of developing criteria for assessing the effectiveness of business products and processes? a. assessment criteria are answers. b.assessment criteria are inexpensive. c.assessment criteria provide you with a list of relevant things to measure. d.assessment criteria provide you with a list of people to contact to learn more about process mentoring.