An organization produces two products, X and Y. The materials used for the production of both products are limited to 500 kilograms (kg) per month. All other resources are unlimited and their costs are fixed. Individual product details are as follows:
Product X -
Product Y -
Selling price per unit -
$10
$13
Materials per unit (at $1/kg)
2 kg
6 kg
Monthly demand -
100 units
120 units
In order to maximize profit, how much of product Y should the organization produce each month?
An organization suffered significant damage to its local file and application servers as a result of a hurricane. Fortunately, the organization was able to recover all information backed up by its overseas third-party contractor.
Which of the following approaches has been used by the organization?