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A Manager in Charge of New Product Development Can Hire

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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 contributions of engineers and market researchers are: 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 contributions of engineers and market researchers are:   Based on the above information,how should the manager with an annual budget of $160,000,allocate this budget in order to maximize the number of new products developed? A) Hire 2 engineers and 1 market researcher. B) Hire 3 engineers and 2 market researchers. C) Hire 4 engineers and 3 market researchers. D) Hire 4 engineers and 1 market researcher. Based on the above information,how should the manager with an annual budget of $160,000,allocate this budget in order to maximize the number of new products developed?


Definitions:

Multichannel Marketing

A marketing strategy that involves interacting with customers through various channels, both online and offline, to provide a seamless customer experience.

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The process of modifying a website to cater to the needs or preferences of individual users or target audience segments, improving user experience and engagement.

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A type of restaurant that offers fast service with minimal table service, typically for fast food and casual dining.

QSR

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