In Comparing the Isolated Store to the Unplanned Business District

question 14

Multiple Choice

In comparing the isolated store to the unplanned business district and planned shopping center,the major disadvantage of the isolated store is _____.

• A)high rents
• B)the absence of flexibility in store operations
• C)the absence of affinities
• D)lack of convenience in planning

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Definitions:

Net Profit

The financial gain or loss a business makes after subtracting all expenses, taxes, and costs from total revenue.

Shadow Price

In linear programming, it refers to the value that represents the change in the optimal objective function value per unit increase in the right-hand side of a constraint.

Finishing Constraint

A limitation or requirement in the production process that must be met before a product can be completed and delivered.

Total Profit

Total profit is the total income of a business after subtracting all expenses.