Why do you need to have liquidity?
What will be an ideal response?
Answer: Liquidity allows you to access your money with ease, when you need it. Life happens; at any moment, you could develop an illness, lose a job, or wreck your car. When unforeseen circumstances occur, you need to have access to enough money to make it through.
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Which of the following is true of a concentrated targeting strategy?
a. It allows a firm to serve two or more well-defined market segments simultaneously. b. It is often adopted by small firms to compete effectively with much larger firms. c. It follows a mass-market philosophy by viewing the market as one big market without any individual segments. d. It often results in cannibalization, which occurs when sales of a new product cuts into sales of an existing product.
What is the (Cj - Zj) value for S1 at the initial solution?
Given the following linear programming problem: maximize 4x1 + 3x2 subject to 4x1 + 3x2 ? 23 5x1 - x2 ? 5 x1, x2 ? 0