The first step for profit maximization is to start with a feasible solution that balances supply and demand and that follows the (M + N - 1) rule.

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Starting with a feasible solution that balances supply and demand and follows the (M + N - 1) rule is indeed the first step in profit maximization. This approach helps to ensure that resources are efficiently utilized and that customer demands are met while maximizing profits.

The First Step for Profit Maximization Is to Start with a Feasible