What do you mean by capital budgeting? discuss the purpose of such budgeting from the point of view of an industrial concern?
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It gives an idea whether money needs to be invested in the business.
Whether it will give profit out of the business such that the money invested will not go in waste this is called capital budgeting.
In industries people set up business in order to start the business they first need to do capital budgeting.
Decision making is also a part of the process where the process is implemented and later checked whether it is helpful or not.
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What do you mean by capital budgeting? discuss the purpose of such budgeting from the point of view of an industrial concern?
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