A Manager in Charge of New Product Development Can Hire

question 72

Multiple Choice

A manager in charge of new product development can hire engineers and market researchers.The annual salary of an engineer is $40,000 while a market researcher receives $20,000.The marginal contribution of engineers and market researchers are: Based on the above information,how should a manager with an annual budget of $240,000,allocate this budget in order to maximize the number of new products developed?

• A)Hire three engineers and four market researchers.
• B)Hire three engineers and five market researchers.
• C)Hire five engineers and two market researchers.
• D)Hire four engineers and four market researchers.

---

Definitions:

Process Reliability

The measure of the consistency and dependability of a process in producing the intended results.

Quality Defects

Imperfections or flaws in a product or service that deviate from specified standards and can negatively affect customer satisfaction.

Efficiency

The ability to accomplish a task or goal using the least amount of resources or time, often measured in terms of output per unit of input.

Competitive Strategy

Refers to a long-term plan formulated by a company to gain a competitive advantage over its rivals in the industry.