A(n) ________ is the marginal improvement in the objective function value caused by relaxing a constraint by one unit
Fill in the blanks with correct word
shadow price
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It has been observed that most new products have shorter product life cycles. What is the reason for this?
A) Most new products do not use technology. B) Most new products are not backed by a marketable idea. C) New products do not get adequate management support. D) Social and governmental constraints lead to this failure. E) Rivals quickly copy products that are successful.
If line filling is overdone, it could result in ________ and customer confusion
A) sales paralysis B) manufacturing inefficiencies C) cannibalization D) disintermediation E) ineffective management
Which of the following is not a condition required by the SEC for the recognition of revenue?
A) Delivery of goods or rendering of services. B) Transfer of cash from the buyer to the seller. C) Fixed or determinable price. D) Existence of an arrangement.
The major criticisms of marketing include harming consumers through high prices, deceptive practices, high-pressure selling, shoddy or unsafe products, planned obsolescence, and poor service to disadvantaged countries
Indicate whether the statement is true or false