Use the Table Below to Answer the Following Question(s)using the Standard

question 29

Multiple Choice

Use the table below to answer the following question(s) using the standard Solver.
Below is the spreadsheet for a plant location model:

-What is the total cost incurred?

• A)$ 28,956
• B)$ 35,233
• C)$ 42,675
• D)$ 47,864

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Definitions:

Firm

A business organization, such as a corporation, partnership, or sole proprietorship.

Market Segmentation

The strategy of dividing a broad target market into subsets of consumers with common needs, preferences, or characteristics, to then target them more effectively.

Effectively Segmented

Refers to a market that has been divided into distinct groups of buyers with different needs, characteristics, or behaviors, which may require separate products or marketing strategies.

Business Knows

The collective understanding and knowledge within a company regarding its operations, market environment, competition, and customer needs.