When formulating a constraint, care must be taken to ensure that:
a. all the objective function coefficients are included.
b. there are no inequalities in the mathematical expression.
c. the decision variables are set at either maximum or minimum values.
d. the units of measurement on both sides of the constraint match.
D
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When Apple introduced its iPhone, it was priced at $599. This allowed Apple to earn the maximum amount of revenue from the various segments of the market. Two months after the introduction, the price had come down to $399
What kind of a pricing did Apple adopt? A) loss-leader pricing B) market-penetration pricing C) market-skimming pricing D) target-return pricing E) value pricing
The statement, "With its 25 percent market share, this is the best-selling laser printer on the market today," is an example of a(n):
A. product advantage. B. product benefit. C. segmentation variable. D. product feature. E. market property.
A firm is looking to replace its existing manufacturing machine (Machine 1) with a new, more efficient model (Machine 2). Machine 1 can be sold for $1.25 million and has a book value of $975,000. Machine 2 costs $2.5 million delivered, has initial setup cost of $350,000, and would require $200,000 testing expenses. The firm’s tax rate is 32%. Calculate the initial investment needed to replace Machine 1.
What will be an ideal response?
To compete in the marketplace, firms need to what resources to achieve, profit, and survive?
a. technology, human, and inventory b. physical, human, and technology c. financial, technology, and inventory d. physical, organizational, and human