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Business game
01
a competitive activity involving strategic decision-making within a business context
What is a "business game"?
A business game is a simulation or activity that imitates real-world business situations, where players make decisions to manage resources, solve problems, and achieve specific goals. It is often used for learning, training, or entertainment, helping participants understand business concepts like strategy, finance, and marketing. Business games can be played individually or in teams, and they often involve challenges related to running a company, managing budgets, or responding to market changes. These games help develop skills such as decision-making, teamwork, and critical thinking.
Example
The students participated in a business game to learn about market competition.
The business game required teams to make strategic decisions about pricing and production.
