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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 contribution of engineers and market researchers are: Based on the above information,how should a manager with an annual budget of $140,000,allocate this budget in order to maximize the number of new products developed?
Anticipation Stage
The phase in project or personal development where preparation and expectations for future events or changes are made.
Capability
The ability or qualifications to achieve something or carry out a task effectively.
Learning Curve
A graphical representation of how an individual's or organization's performance improves over time with experience and learning.
Discovery Zone
relates to an environment or phase where exploration and learning new information or concepts take place.
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