As Part of a Larger Problem,you Are Trying to Determine

question 3

Multiple Choice

As part of a larger problem,you are trying to determine whether or not to open a plant with a capacity of 10,000 units (using binary variable Y) .You also define X as the number of units (if any) produced at that plant.How will you ensure that Y will equal 1 if the plant is open?

• A)Y ≥ X
• B)Y ≤ X
• C)X + Y ≥ 2
• D)X = 10000Y
• E)X ≤ 10000Y

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Definitions:

Collections

The process of pursuing payments of debts owed by individuals or businesses, typically involving accounts receivable teams or collection agencies.

Selling Goods on Account

The process of selling merchandise to a buyer where payment is to be made at a future date as agreed.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specified time period.

Revenues

Revenues are the total amount of money generated by a company from its business activities, like sales of goods and services, before any costs or expenses are deducted.