A Policy of Dropping Any Customer That Is Currently Unprofitable

question 124

True/False

A policy of dropping any customer that is currently unprofitable will eliminate, in the short run, all of the costs assigned to it.

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Definitions:

Syntax

The set of rules, principles, and processes that govern the structure of sentences in a given language, including word order.

Insight

The ability to understand the inner nature of things or to gain an intuitive understanding of complex situations or problems.

Algorithm

A set of rules or a step-by-step process designed to perform a specific task or solve a particular problem.

Heuristic

A simple thinking strategy that often allows us to make judgments and solve problems efficiently; usually speedier but also more error-prone than an algorithm.