Answer:
Objective function:
Maximize Z: 30P1 + 25P2 + 28P3
Subject to: 2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)
2.50P1 + 2.00P2 + P3 ≤ 350 (Department B constraint)
0.25P1 + 0.25P2 + 0.25P3 ≤ 50 (Department C constraint)
P1, P2, P3 ≥ 0 (Non-negativity)
Explanation:
The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.
The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.
Answer:
Demographic
Explanation:
A market segment is a portion of a large market in which the individuals, groups or organizations share one or more characteristics that cause them to have relatively similar products needs.
A market segment consist of a group of customers that share a similar set of needs and wants.
Are four categories of segmentation:
-Geographic
-Psychographic
-Behavioral
-Demographic. The process of dividing a market through variables such as age, gender, education level, family size, occupation, income, and more. This is one of the most used strategies amongst marketers.
Answer:
b. $600,000
Explanation:
The company has to record as revenue the product at the list price, then if exist a special discount on the price list, it must be record as discount applied to products in the Income Statement, separate of Revenue or Gross Sales.
The price that the company ACH pay by the product ($650,000) it's not at change on the price if not due to the payments term which is one year later, so the company ACH has to pay a financial cost because the payment will be made one year later.
