N. H. AGRICULTURAL EXPERIMENT STATION [Bulletin 199 



HOW BUSINESS LOOKS AT RESEARCH WORK 



"We spend between $50,000 and $75,000 per annum for 

 research work," replied one of the Chicago packers. 



A large electric manufacturing company reports that 

 it "estimates its annual expenditures for research work to 

 be approximately $3,000,000, which represents slightly more 

 than one per cent of its annual gross business." 



"We have investigation work going on every minute of 

 the time to work out something new that is worth more 

 than the old in various classes of products," says a meat 

 packing establishment. 



One of the zinc-producing companies reports that it has a 

 thoroughly modern laboratory, employing approximately 25 

 investigators who are supported by a large force of assistants. 

 "It is, of course, obvious," they say, "that this department 

 would not be continued if the results it accomplished did 

 not give a return on the moneys appropriated." 



Other concerns place their annual expenditure for re- 

 search work at $300,000; at $180,000 to $300,000; at $150,- 

 000 to $200,000; at $10,000; and $250,000. 



