Examlex

Solved

A Genetic Algorithm Is an Artificial Intelligence System That Mimics

question 13

True/False

A genetic algorithm is an artificial intelligence system that mimics the evolutionary,survival-of-the-fittest process to generate increasingly better solutions to a problem.


Definitions:

Cost-plus-fixed-fee Pricing

A pricing strategy where the selling price is determined by adding a fixed fee or profit margin to the total cost of manufacturing or producing the product.

Yield Management Pricing

A pricing strategy that involves adjusting prices based on changing demand and supply conditions, often used in industries like airlines and hotels to maximize revenue.

Cost-plus-percentage-of-cost Pricing

A pricing strategy where the selling price is determined by adding a specific percentage of markup to the product's cost.

Target Return On Investment Pricing

Pricing strategy where the price is set based on the desired return on investment.

Related Questions