What Is Linear Programming?

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The Tools Your Small Business Needs to Succeed. Free & Easy to Use! Nigeria.SMEToolKit.org [pic]Linear programming is very important in various fields of life especially in managerial decision making. The reason is that it helps the company in minimizing the costs and maximizing the profits. Through linear programming managers can calculate the prices and the sales units which can maximize the profits of the company. Therefore, there are various issues which the company incurs regarding their costs and prices therefore, tools like linear programming can help the managers in decision making progress.

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Do you mean any particular kind of information? There are many kinds of information needed... What Are The Implications For Managerial Decision Making?
It implicates that the decision of the whole thing is made by the manage himself. Different Ways In Which A Contract Can Be Discharged?
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Also good for resource allocation in a company. Helps to determine which product needs most or least resources to maximise profit and minimise costs

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What Is Role Of Information In Decision Making?
Do you mean any particular kind of information? There are many kinds of information needed... What Are The Implications For Managerial Decision Making?
It implicates that the decision of the whole thing is made by the manage himself. Different Ways In Which A Contract Can Be Discharged?
1 Performance 2 the occurrence or failure of a condition which a contract is based 3 breach... What Is Difference Between Resource Allocative Efficiency And Pro... Resource allocative efficiency is whereby one is producing a good at the most optimum  point... The Equi-Marginal Principle Can Be Applied To Both Consumption As... Equi-marginal principle  The equi-marginal principle was originally associated with consumption...

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