An organization watches it rivals closely and chooses actions that mimic what its rivals are doing. This is an example of a __________.
A)structural analysis
B)tit-for-tat strategy
C)parallel game
D)simultaneous game

Question

Quizplus · Accepted Answer

This is an example of a tit-for-tat strategy, where the organization mirrors the actions of its rivals. A structural analysis involves analyzing the industry structure and competitive forces, a parallel game refers to a game where players choose strategies without knowing what the other player is doing, and a simultaneous game is when players make their decisions simultaneously without knowing the other player's decision.

An Organization Watches It Rivals Closely and Chooses Actions That