Explain the concept of the price floor
What will be an ideal response?
Price floor represents the price below which there is no profit.
Business
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An optimization analysis finds the optimum value for a target variable by repeatedly changing other variables, subject to specified constraints. What can a manager determine by changing revenue and cost variables in an optimization analysis?
A. Calculate the highest potential profits B. Calculate employee benefit payments C. Use this as an extension for a digital dashboard D. Create production schedules
Business
Controlling is primarily concerned with
a. making rational decisions. b. comparing actual performance to a predetermined standard. c. influencing people to perform better. d. laying out work in a logical manner.
Business