If You Want to Evaluate the Best Product to Market

question 7

Multiple Choice

If you want to evaluate the best product to market to your customers every month, you would use the __________ functional characteristic of a genetic algorithm.

• A)Crossover
• B)Expertise
• C)Mutation
• D)Selection

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Definitions:

Collude

To come together in secret agreement, especially for a deceitful or illegal purpose.

Marginal Cost

The increase in total cost that arises from producing one additional unit of a product or service.

Annual Fixed Cost

Regular, unchanging expenses incurred by a business, regardless of its level of production or sales volume within a year.

Profit-Maximizing

A method or strategy executed by a company aiming to achieve the highest possible profit given the constraints it faces.