In January,Walmart offered a 10 percent-off coupon and Target did not.In February,Target offered a 10 percent-off coupon and Walmart did not.In March,Walmart offered a 10 percent-off coupon and Target did not.It is likely that Walmart and Target are both playing the ________ strategy.

Question

Quizplus · Accepted Answer

The scenario described is an example of tit-for-tat strategy, where Walmart and Target are matching each other's actions in terms of offering discounts. This strategy involves responding to the opponent's previous move with the same action. In this case, Walmart started by offering a coupon, and Target responded by offering a coupon the following month. Then, Walmart matched Target's action in the next month. This approach is often used in competitive situations to maintain a level playing field and avoid escalation of hostilities.

In January,Walmart Offered a 10 Percent-Off Coupon and Target Did