Answer:
the process of accomplishing the goals of an organization through the effective use of people and other resources. involves analyzing information, setting goals, and making decisions about what needs to be done. ... determines to what extent the business is accomlishing the goals it set out to reach in the planning stage.
Explanation:
I've explained enough on top.
Answer:
a. a flood that destroys a great deal of the corn crop?
The flood decreases the supply of corn and shifts the supply curve to the left which increases the price and decreases quantity in the market.
b. a rise in the price of wheat (a substitute for corn)?
Substitute goods are purchased in substitution as a rise in the price of one increases the demand for other and vice verse.
The rise in price of wheat increases the demand for the corn which shifts the demand curve to the right and increases both price and quantity.
c. a change in consumer tastes away from corn dogs toward hot dogs?
The change in tastes decreases demand which shifts demand to the left and decreases price and quantity both.
d. an increase in the number of demanders in the corn market?
The increase in buyer increases demand and both price and quantity increase as demand curve shifts to the right.
Explanation:
Answer:
An example of a linear (integer) programming problem
Explanation:
We infer the following:
Let the number of mugs produced by machine 1 be represented by X,
Since only one machine is to be used in the week of Christmas, this constraints should apply for machine-1;
Constraints
Production cost≤ $2,
Service Incurred cost≤$100,
Production capacity (excluding sunday) ≥ 800 mugs served,
Objective Function
Minimise cost: XService cost + XProduction cost
Minimise: 100x + 20x
