Which of the following is a business situation in which linear programming models can be used?
a. Determining a crop rotation policy in agriculture
b. Determining an optimal subsidy management for farmers
c. Optimizing water networks
d. All of the above
D
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Which of the following statements about the control and strategic criteria used to decide between using independent agents or an internal sales force is true?
A. Independent agents are especially good at cultivating and servicing new accounts B. Customer loyalty to the independent agent can make it difficult to replace an agent with an internal sales force C. When sales are below manufacturer's expectations, the manufacturer immediately knows that the blame lies with the independent agent D. It is as easy to monitor an independent agent as it is to monitor an internal sales force E. Independent agents are viewed as more effective over the long-run than internal sales forces
Pretend you are an insurance agent. Explain the coinsurance and 80 percent rule to a client
What will be an ideal response?