One approach to solving integer programming problems is to ignore the integrality conditions and solve the problem with continuous decision variables. This is referred to as
a. quickest solution method.
b. LP satisficing.
c. LP relaxation.
d. LP approximation.

Refers to the way we conduct ourselves

Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncertainty.

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.