Answer:
A Dominant Strategy
Explanation:
In game theory, a dominant strategy as the question states is a strategy that seeks to be the better strategy irrespective of what other players do. It is also a strategy that will always yield the highest payoff regardless of the actions of other players.
There are two types of strategic dominance:
A strictly dominant strategy will always provide greater utility to the player using it irrespective of the action or strategy of others
A weakly dominant strategy may not always give greater utility but the strategy strives to ensure that the same payoff or utility is attained equal to the strategy of other players and a greater payoff is attained wherever possible.
B. higher prices and fewer goods.
C. lower prices and more goods.
D. higher prices and more goods.
Maturing product stage
Adapted product stage
Standardized product stage
New product stage
Answer:
Maturing product stage
Explanation:
Maturing product stage -
It refers to the stage where the product becomes famous is and is widely known by all , is referred to a the maturing product stage .
In this very step the demand and sale of the goods and services reduces slightly , and hence , the profit margin reduces slightly .
Hence , at this very step of the product , the foreign import and demand starts to increases with a steady pace , which benefits the company .
Hence , from the given scenario of the question ,
The correct answer is maturing product stage .
Answer:
A decrease of $7,200 in the cash account and an increase of the same amount in the prepaid insurance account occurred.
Explanation:
In this case, there are only two accounts available;
1. Prepaid insurance account
2. Cash account
When Smart decided to pay $7,200 for an insurance premium on a three-year policy, he used $7,200 in cash to purchase a prepaid insurance premium at the same cost. This can be illustrated in the table below;
Account type Credit Debit
Cash account $7,200
Prepaid insurance account $7,200
Total $7,200 $7,200
From the above illustration, we can conclude that when Smart made a decision to purchase the insurance premium, he debited $7,200 from his cash account and credited $7,200 in his prepaid insurance account.
We can conclude that a decrease of $7,200 in the cash account and an increase of the same amount in the prepaid insurance account occurred.