Which of the following correctly describes all iso-profit lines for an LP maximization problem?
A) They all pass through the origin
B) They are all parallel.
C) They all pass through the point of maximum profit.
D) Each line passes through at least 2 corners.
E) all of the above
B
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Clarion Inc has focused its product-market strategies on large manufacturers, that have sales exceeding $100 million per year and that purchase large-scale, multi-million dollar equipment. However, research conducted by the marketing department identifies a fairly attractive market potential for Clarion manufacturing equipment among smaller manufacturers. Clarion Inc produces a line of lower capacity manufacturing equipments, with a pricing strategy aimed at catering to the needs of the small manufacturers. In this example, Clarion Inc uses a ________ strategy.
A) improve customer loyalty and retention B) develop a new market C) enter new-market segments D) harvest for cash flow E) divest for cash flow
A firm that pursues a collaborative venture to access raw materials is demonstrating which type of motive?
A) efficiency-seeking B) resource-seeking C) asset-seeking D) market-seeking