Define brand variants
What will be an ideal response?
Brand variants are specific brand lines supplied to specific retailers or distribution channels. They result from the pressure retailers put on manufacturers to provide distinctive offerings.
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In solving a maximization problem, the optimal profit associated with the relaxed solution (LP-relaxation) is always less than or equal to the value of the optimal profit associated with the integer solution
Indicate whether this statement is true or false.
The sales forecast directly affects many elements of the master budget. Which of the following would be least affected by short-term fluctuations in the sales forecasts?
A. The production schedule. B. The budgeted income statement. C. The capital expenditures budget. D. The operating expense budget.