Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Recent research indicates that corporations throughout the world need employees who demonstrate creativity and innovation for new processes and products. One measure of these talents is the number of patents approved each year through the R&D efforts of a company. Table represents the information for mutually exclusive alternatives. Columns 2 and 3 give annual cost (C) and number of patents in a year (E). Use cost- effectiveness analysis to select the best alternative.
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