Question: Determine whether the following statement makes sense or does not make sense, and explain your reasoning. An important application of linear programming for businesses involves
Determine whether the following statement makes sense or does not make sense, and explain your reasoning.
An important application of linear programming for businesses involves minimizing profit.
Choose the correct answer below.
A The statement does not make sense because a company will not stay in business if it is not making a profit to fund the next venture.
B The statement does not make sense because the application of linear programming should instead be used minimize unnecessary loss.
C The statement does not make sense because a business maximizes profit by applying effective marketing strategies.
D The statement does not make sense because linear programming is used to help allocate resources to manufacture products in a way that will maximize profit.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
