Linear Programming Models Have Three Important Properties

question 12

Multiple Choice

Linear programming models have three important properties

• A)optimality,additivity,and sensitivity.
• B)optimality,linearity,and divisibility.
• C)divisibility,linearity,and nonnegativity.
• D)proportionality,additivity,and divisibility.

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Definitions:

Market Segments

The process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers (known as segments) based on some type of shared characteristics.

New-To-The-World

Products or services that create an entirely new market by being the first of their kind.

Consumer Preferences

The subjective tastes and desires that influence an individual’s choice of products or services.

Outsourcing

Outsourcing involves hiring third-party providers to perform services or create goods that were traditionally performed in-house, often to reduce costs or improve efficiency.