Statement that is true of constraints that exist in product mix decisions is Multiple constraints can be handled using linear programming.
<h3>What is Product mix decision?</h3>
Product mix decision refer can be regarded as the decisions involving addition of a new or eliminating any existing product from the product mix.
It involves adding a new product line as well as lengthening any existing line in order to increase the profitability.
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Every individual or business wants to make profit this is done by providing goods and services that satisfy people's needs and wants.
<h3>What is a business?</h3>
A business is an organization that aims at making a profit by providing goods and services that are desired by individuals also known as customers.
Business meets a need and gets profit in return.
Therefore, A Business is defined as trying to earn a profit by providing goods and services that satisfy people's needs and wants.
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Answer and explanation:
There are several factors to be considered at the moment of setting the price of a good or service that is going to be offered. Raw materials, production costs per unit, and labor are the most common. However, setting the price based on the competitors seems vague. An organization cannot depend on this matter strictly of another organization since the reasons for getting to the competitors' price is unknown.
Basing the price of a product based on demand and supply could be a good option. It will imply the price level will fluctuate according to market requests. By doing this, companies make sure to keep their expected revenues almost the same regardless of what competitors might be doing.
Answer:
She failed to properly assess her risk of storm damage.
Explanation: Edge 2021
