SIX FORCES MODEL
The six forces model is strategic business tool. This model was used as a guide to evaluate two things: the competitiveness and the attractiveness of the market through the provision of an industry-view. There are six key areas to be examined: competition, new entrants, end users/ buyers, suppliers, substitutes, and complementary products.
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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