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Payback

This topic has 2 replies, 2 voices, and was last updated 8 years ago by John Moffat.

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November 9, 2016 at 9:35 am #348191
sxhawty
Member
- Topics: 56
- Replies: 25
Hi sir, Is it correct that payback is also useful as an initial screening device?
November 9, 2016 at 10:47 am #348199
sxhawty
Member
- Topics: 56
- Replies: 25
and also is it true that the cost value is the market value of a product or service?
November 9, 2016 at 2:03 pm #348220
John Moffat
Keymaster
- Topics: 57
- Replies: 54500
Yes – it is often used as initial screening because it is quick to calculate.
As to it being the market value of a product or service – it depend on the question, but not usually. It is the initial investment.
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