A common objective in the product mix problem is
A) maximizing cost.
B) maximizing profit.
C) minimizing production time.
D) maximizing production volume.

Question

Quizplus · Accepted Answer

The common objective in the product mix problem is to maximize profit. The goal is to determine the combination of products to produce that will result in the highest overall profit for the company. Maximizing cost, minimizing production time, and maximizing production volume may be related factors to consider, but the ultimate goal is to maximize profit.

A Common Objective in the Product Mix Problem Is