.
Dedicated investment
Strategic commitment
Critical choice
Market investment
Firm commitment
5
10
15
20
20
It must be visible
It must be understandable
It must be credible
A & c
All of the above
Fund raising
Public announcement
Relatedness factor
Irreversibility
Capacity expansion
Indemnification clause
Most favored customer clause (MFCC)
Escape clause
Money back guarantee
Meet the competition clause (MCC)
Reaction functions are downward sloping & the more of the action one firm chooses, the more of the action the other firm chooses
Reaction functions are downward sloping & the less of the action one firm chooses, the less of the action the other firm chooses
Reaction functions are upward sloping & the more of the action one firm chooses, the more of the action the other firm chooses
Reaction functions are upward sloping & the less of the action one firm chooses, the less of the action the other firm chooses
In the Cournot model, quantities are strategic complements
Tough commitment
Strategic complement
Soft commitment
Strategic substitute
Duopoly
Reaction functions are downward sloping & the more of the action one firm chooses, the more of the action the other firm chooses
Reaction functions are downward sloping & the less of the action one firm chooses, the less of the action the other firm chooses
Reaction functions are upward sloping & the more of the action one firm chooses, the more of the action the other firm chooses
Reaction functions are upward sloping & the less of the action one firm chooses, the less of the action the other firm chooses
In the Cournot model, quantities are strategic substitutes
Tough commitment
Strategic complement
Soft commitment
Strategic substitute
Duopoly
Tactical effect
Financial effect
Direct effect
Strategic effect
Indirect effect
Tactical effect
Financial effect
Direct effect
Strategic effect
Indirect effect
It is good for competitors
It is bad for competitors
In Cournot competition, elimination of production facilities is an example a tough commitment
In Betrand competition, a commitment to increase prices is an example of a tough commitment
Tough commitments are always in the best interest of a firm
It is bad for competitors
It is good for competitors
In Cournot competition, capacity expansion is an example of a soft commitment
In Betrand competition, a commitment to reduce prices is an example of a soft commitment
Tough commitments are always in the best interest of a firm
Top Dog
Learn and Hungry Look
Mad Dog
Puppy-Dog Ploy
Fat-Cat Effect
Top Dog
Lean and Hungry Look
Mad Dog
Puppy-Dog Ploy
Fat-Cat Effect
For deterrence of new entrants by creating capacity competition
To exploit intangible weaknesses of other firms
To test the response of other market firms
For deterrence of new entrants by increasing price competition
They are following another firm
Regression testing
Virtual reality
War gaming
Commitment testing
Scenario testing
Real option
Commitment option
Project option
Decision option
Future option
Positioning analysis
Sustainability analysis
Flexibility analysis
Judgment analysis
Final Commitment analysis
Positioning analysis
Sustainability analysis
Flexibility analysis
Judgement analysis
Final Commitment analysis
Positioning analysis
Sustainability analysis
Flexibility analysis
Judgment analysis
Final Commitment analysis
By announcing entrance into the market
By entering a market they had not been in previously
By projecting changes in air travel includes increased congestion in the traditional hub-and-spoke system
By war gaming how the A380 would accommodate growing numbers of passengers and relive airport slot congestion
By securing over 60 early orders for the Airbus A380
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