A Linear Formulation Means That

question 19

Multiple Choice

A linear formulation means that:

• A) the objective function and all constraints must be linear
• B) only the objective function must be linear
• C) at least one constraint must be linear
• D) no more than 50% of the constraints must be linear

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Definitions:

Trade Discount

A reduction in price offered by a seller to a buyer for purposes of increasing sales, typically calculated as a percentage off the list price.

Trade Discount

A deduction from the list price of goods agreed upon by the seller and the buyer, typically offered by suppliers to retailers.

Trade Discount

A reduction granted by a supplier on the list or catalog prices of goods or services, often based on the volume of transactions.

Trade Discount

A reduction in the retail price of goods, granted by the wholesaler or manufacturer to the retailer for the purpose of resale.