In Response to the Increase in Demand for Organic Foods

question 43

Multiple Choice

In response to the increase in demand for organic foods, a regional supermarket recently created organic food departments within their large stores. The creation of these departments was a result of:

• A) a core competency
• B) a market opportunity
• C) its sales orientation
• D) its distribution plan
• E) a competitive advantage

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Definitions:

Objective Function

A mathematical representation of the goal of an optimization problem, often involving maximizing or minimizing some quantity.

Objective Function

A mathematical function that represents the goal or objective of an optimization problem, typically to be maximized or minimized.

Constraints

Limitations or restrictions that affect the process of decision-making, planning, or implementation of a project or strategy.

Objective Function

An objective function is a mathematical formula that represents the goal of a decision-making problem, often involving the maximization or minimization of some quantity.