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Advantage of simulation modeling is
a. It generates an optimal solution to the problem.
b. It allows the inclusion of real-world complications.
c. It can be used in similar problem applications with only slightmodifications.
d. It forces managers to identify every single relevant variable within problem.
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Q. What is Economic environment? Numerous economic activities affecting business of a nation is known as Economic environment. Economic environment includes economic conditions
WHAT IS CONTINGENCY MODEL?
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