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The data below is a dynamic programming solution for a shortest route problem.
-Using the data in Table M2-1, what is the optimal travel path from point 1 to 7?
Vitality Index
A measure of innovation that expresses the percentage of sales from new products or services introduced over a certain period.
Total Sales Revenue
The entire amount of income generated by the sale of goods or services related to the company's primary operations.
Formal Decision-making Process
A structured approach to decision-making that involves systematic steps such as identifying a problem, generating alternatives, evaluating alternatives, and making a decision.
Stage-Gate®process
A project management approach that divides the process of bringing a new product to market into distinct stages separated by decision-making checkpoints or "gates."
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