Optimization models, Optimization models are often used

Optimization models

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Reference no: EM13169863

Optimization models are often used to:

a. project future conditions and predict the effect of these conditions on sales.

b. determine the proper mix of products within a given market to maximize profits.

c. determine the price of a product given fl uctuating sales and advertising budget.

d. establish the best relationship between price and sales and marketing budgets.

Reference no: EM13169863

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