A business purchases a new form of consumer relation management technology for $380,000. Because of this purchase,
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Question:
A business purchases a new form of consumer relation management technology for $380,000. Because of this purchase, the company earns an extra $50,000 annually.
A) Find the ROMI for the first year.
B) How many years will it take to get a positive ROMI (i.e. ROMI greater than zero)?
If the extra earnings are expected to increase by 25% annually, how many years will it take to get a positive ROMI?
Related Book For
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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