Competitive market forces make it unimportant for a firm to have a systematic strategy for generating capital-budgeting projects.

Question

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Competitive market forces make it essential for a firm to have a systematic strategy for generating capital-budgeting projects. Without a proper capital budgeting strategy, a firm may end up investing resources in projects that do not generate profitable returns, resulting in a competitive disadvantage in the market. Therefore, having a well-planned capital budgeting strategy is crucial for firms to remain competitive and profitable in the long term.

Competitive Market Forces Make It Unimportant for a Firm to Have