Batch Production. A bakery is an example of a business that normally produces in batches. In this type of production, products are made in batches. For example, a shoe factory could make different batches of shoes based on the size and colour of them. This method is suited to products that are identical to each other, but are only produced in limited quantities, or for a limited amount of time.
A game is an activity or sport usually involving skill, knowledge, or chance, in which you follow fixed rules and try to win against an opponent or to solve a puzzle. ...the wonderful game of football. ...a playful game of hide-and-seek. ...a video game.
Game Theory Definition. Game theory is the formal study of decision-making in which several players must make choices that potentially affect the interests of other players. As a decision-making tool, game theory can explain and predict an outcome under a set of decision-making rules.ame theory is the formal study of decision-making in which several players must make choices that potentially affect the interests of other players. As a decision-making tool, game theory can explain and predict an outcome under a set of decision-making rules.