Which of the following is a context that may require the use of the knapsack problem?
a. Selecting a project from a given list in which each project is characterized by its own budget and return on investment
b. Selecting items from a list of products to be shipped, considering that each item has a volume and revenue
c. Both a and b
d. Neither a nor b
?
Chapter 7
C
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Competition is a standard way of life in U.S. companies, both internally and externally. What happens in a company when this competitive attitude becomes a "win/lose" philosophy? How can management help develop a "win/win" philosophy toward internal competition?
________ cannot determine how effective a company's current strategy is working.
A. The firm's image and reputation with its customers B. Evidence of improvement in internal processes such as defect rate, order fulfillment, delivery times, days of inventory, and employee productivity C. Whether it has a larger number of competitive assets than competitive liabilities and whether it has a superior quality product D. Whether its profit margins are rising or falling and how large its margins are relative to those of its rivals E. Whether the company's sales are growing faster, slower, or about the same pace as the industry as a whole, thus resulting in a rising, falling, or stable market share
To find the optimal solution using the stepping stone method, first select a(n) ______ cell in the initial basic feasible solution to be evaluated.
A. occupied B. empty C. referenced D. variable
When planning a marketing strategy, managers have control over
A. the economic environment. B. their response to forces in the external market environment. C. the political and legal environment. D. consumers. E. the cultural and social environment.