Set the following Global Options:

Player #1/2 Controller: Controller types are automatically detected and displayed on this line.
Game Speed Setting: Choose Slow, Normal or Overdrive.
Music Test/Sound Effect Test: Listen to the game tunes and sound effects.
Controller Configuration: Rearrange the actions of your Control Pad buttons.

Match Options
In certain match modes you can set some or all of the following options:
Opponent: Choose the warrior you will fight against.
Background: Set the battle scene.
Battle Time: Choose a match time limit. If the time expires, the character with the longest Life Bar wins.
Match Condition: Choose how many falls a fighter can take before losing.
Speed Setting: Set the action speed to Slow, Normal or Overdrive.
Instant Replay: Select On, Off or Auto (not available with Infinite time or Overdrive speed).
Inner Strength: Select On or Off.
Special Moves: Allow use of character-specific special moves.
Player/CPU Skill: A higher number will allow the character to do more damage per hit.