Answer:
Objective function (maximize)
Constraints
- Availabitily of salt: 
- Availability of herbs: 
- Availability of flour: 
Explanation:
This a linear programming problem. We have an objective function (in this case it is the profit) that we want to optimize, but complying with constraints (in this case, the availability of ingredients).
The objective function can be defined taking into account the profits of the two kind of chips:
The constraints can be expressed taking into account the amount of ingredients every unit of chip needs and stating that it has to be less or equal to the availability of this ingredient:
- Availabitily of salt:
- Availability of herbs
- Availability of flour
With these expressions the linear programming problem can be solved.
Answer:
Product characteristics, price structure, placement strategy, and promotional strategy.
Explanation:
The 4p's are product price place and promotion
Based on the principle of economics, the correct answer goes thus:
Economists distinguish among the immediate market period, the short run, and the long run by noting that:
- Elasticity of supply will increase when the number of producers selling a product decreases.
<h3>Immediate market run</h3>
Economists distinguish among the immediate market period, the short run, and the long run by noting that there will be increase in elasticity of supply.
In conclusion, we can conclude that the correct answer is the increase in elasticity of supply.
Learn more about elasticity of supply here: brainly.com/question/4467460
Answer:
The correct word for the blank space is: competitive.
Explanation:
Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:
- Cost-plus pricing.<em> Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm.
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- <u>Competitive pricing</u>.<em> Implies establishing the price of a product similar to what competitors in the market have set.
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- Value-based pricing.<em> It requires setting the price of goods and services based on what consumers think the price should be.
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- Price skimming.<em> Involves pricing a product high at first and changing the price according to market fluctuations.
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- Penetration pricing.<em> Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.</em>
