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Home Q & A Board Other Fields Homework Help Business Management
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arock1 arock1
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6 years ago
Greg, a young entrepreneur, has developed an aggressive business plan and is presenting his profit projections on the popular show Shark Tank in hopes of securing some venture capital.
 
  He concludes his presentation with an LP model of his planned product mix, and is convinced he will seal the deal by demonstrating that his profits are limitless since his LP model is unbounded. What should the sharks tell him?
  A) Limitless profits sound fantastic, here's a blank check.
  B) Limitless profits are possible only in minimization models, and we want you to maximize profits.
  C) Unlimited profits aren't possible. You must have made a mistake in your LP model.
  D) Limitless profits are possible only in maximization models, and we want you to minimize profits.
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bhodgesbhodges
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arock1 Author
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6 years ago
Thanks
kh540941
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Yesterday
Thank you, thank you, thank you!
Marctheshark
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2 hours ago
Thanks for your help!!
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