What activity is described as the movement of goods into a ...

[dejastew]

What activity is described as the movement of goods into a warehouse, the placement of goods in a warehouse, and the movement of goods from storage to order picking areas and eventually to dock areas for transportation out of the warehouse?
 a. Materials handling
  b. Physical distribution
  c. Business logistics
  d. Order fulfillment

Question 2

Describe game theory.

[lgoldst9]

Answer to Question 1

a

Answer to Question 2

Marketers frequently use game theory to try to estimate likely results of various actions, most frequently price cuts and competitive response.
Game theory isn't about Nintendo; it's just a structured way to think about the behavior of interdependent players, like two (or more) firms. The point is to get players to think about the broader market, rather than only optimizing their own needs. While it may seem counterintuitive at first, and it is important to avoid collusion or even the appearance of it, the point is to find a solution to avoid price wars. Mutual cooperation can yield even better outcomes than both parties acting selfishly on their own accord. Go figure.