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Decision Variables Are Represented in Both the Objective Function and the Constraints

question 4

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Decision variables are represented in both the objective function and the constraints while formulating a linear program.


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Vertical Merger

A business consolidation that occurs between companies that operate within the same supply chain, typically involving a manufacturer merging with a supplier or a distributor.

Conglomerate Company

A conglomerate company is a large corporation composed of diverse companies operating in various industries or sectors, typically under one corporate group.

Home-Based Businesses

Firm operated from the residence of the business owner.

Business Hours

The specific times during which a business is open to its customers or clients, typically defined by each company.

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