A negative dual price for a constraint in a minimization problem means
a. as the right-hand side increases, the objective function value will increase.
b. as the right-hand side decreases, the objective function value will increase.
c. as the right-hand side increases, the objective function value will decrease.
d. as the right-hand side decreases, the objective function value will decrease.
A
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The 80/20 principle:
A. refers to the fact that eighty salespeople require twenty sales managers to keep the appropriate 1-to-4 ratio of supervisors to employees. B. is a territorial management concept that favors a salesperson putting 80 percent of her time on action and 20 percent on planning. C. refers to the idea that 20 percent of a firm's customers account for 80 percent of a firm's profitability. D. indicates that no matter how hard a salesperson tries, 80 percent of the customer's potential business ends up going to competitors. E. is a territorial management concept that favors a salesperson putting 80 percent of his time on planning and 20 percent on action.
When a product or service is new to the market, its pricing should reflect prices of indirect
competitors, not direct competitors. Indicate whether the statement is true or false
Courts have determined that a predetermination hearing is required in which of the
following? a. Disability benefits b. Welfare benefits c. Unemployment benefits d. All of the above require a predetermination hearing. e. None of the above requires a predetermination hearing.
Which of the following is an example of subscription pricing?
A. The price of products in your local department store that cost less than $50 all end in the numbers 5 or 9. B. You make a trip to the grocery store because you notice that they have really good deal on your favorite cereal. C. The electronics store advertised a great deal on laptops, but the salesperson tried to convince you to purchase a better, more expensive laptop. D. All the sweaters in your favorite store are priced at one of three prices-$50, $75, and $100. E. You can listen to unlimited music on Spotify for $9.99 a month.