Responding positively to a changing environment

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 Investment appraisal Every proposed project undergoes investment appraisal. This procedure establishes whether a particular project is worth taking forward. Managers will ask key questions about a proposal, including: How expensive are the initial outlay and the final total outlay likely to be?For how long are we likely to be spending money without any financial return?How long is it likely to be before we recover, from sales, all the money we have invested?What return can we reasonably expect from our investment in the long term?How big…

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