# Essay on Questionnaire

1119 Words Feb 24th, 2016 5 Pages
PRICING MANAGEMENT 1. The pricing strategy used to set prices of the products that are must be used with the main product is called a) captive product pricing b) product line pricing c) competitive pricing d) optional product pricing 2. The pricing strategy in which prices are set lower to actual price to trigger short term sales is classified as a) promotional pricing b) short term pricing c) quick pricing d) cyclical pricing 3. The kind of reduction made to those buyers who buy large volumes of products is classified as a) cash discount b) seasonal discount c) functional discount d) quantity discount 4. The pricing strategy in which company divides location into different …show more content…
What is the objective function in linear programming problems?

a) A constraint for available resource b) An objective for research and development of a company c) A linear function in an optimizing problem d) A set of non-negativity conditions

2. Which statement characterizes standard form of a linear programming problem?

a) Constraints are given by inequalities of any type b) Constraints are given by a set of linear equations c) Constraints are given only by inequalities of >= type d) Constraints are given only by inequalities of <= type

3. Degeneracy occurs when

a) Some of basic variables have zero values b) Some of non-basic variables have zero values c) The basic matrix is singular, it has no inverse d) Basic variables are positive but some of non-basic variables have negative values

4. The cutting plane method is designed for..

a) Developing another simplex algorithm that combines the primal and dual simplex methods b) Eliminating non-integer optimal solutions from the feasible space of linear programming problems c) Eliminating integer optimal solutions from the feasible space of linear programming problems d) Solving zero-one programming problems

5. What is the difference between minimal cost network flows and transportation problems?

a) The minimal cost network flows are special

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