Consider a Shortest-Route Problem in Which a Bank Courier Must

question 29

Multiple Choice

Consider a shortest-route problem in which a bank courier must travel between branches and the main operations center.When represented with a network,

• A)the branches are the arcs and the operations center is the node.
• B)the branches are the nodes and the operations center is the source.
• C)the branches and the operations center are all nodes and the streets are the arcs.
• D)the branches are the network and the operations center is the node.

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Definitions:

Lowering Costs

Strategies or actions taken to reduce expenses and increase profitability within a business.

Differentiation

The process of distinguishing a product or service from those of competitors in order to appeal to a particular target market.

Customer's Perspective

The viewpoint or attitude of consumers regarding the purchase, usage, benefits, and overall satisfaction with a product or service.

Competitive Advantage

The unique attributes or capabilities a company has that enable it to outperform its competitors, leading to greater sales or margins.