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A company blends silicon and nitrogen to produce two types of fertilizers.Fertilizer 1 must be at least 40% nitrogen and sells for $75 per pound.Fertilizer 2 must be at least 70% silicon and sells for $45 per pound.The company can purchase up to 9000 pounds of nitrogen at $16 per pound and up to 12,000 pounds of silicon at $12 per pound.Assuming that all fertilizer produced can be sold,determine how the company can maximize its profit.
Strategic Marketing Planning
The process of defining an organization's strategy or direction and making decisions on allocating resources to pursue this strategy.
Control Phase
The part of the strategic marketing planning process when managers evaluate the performance of the marketing strategy and take any necessary corrective actions.
Societal Issues
Challenges or problems that affect a large portion of society, which may include subjects like poverty, education, and environmental degradation.
Marketing Ethics
The area of applied ethics dealing with the moral principles behind the operation and regulation of marketing.
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