| NOTES - slide #3
Technologies Consolidated is fundamentally aware that research for profit involves risk. As a result they have engaged in multiple research projects in order to enhance the chances and frequency of success to a level at which good and consistent profits are confidently expected and have been generated for a long time. Because the business is so well managed and stable there is a statistically significant history from which industry specific probabilities of project success can be estimated for research strategy management purposes. The estimated probabilities of success are therefore based on Technology Consolidated's own track record and turn out to be:
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