Primarily growth can be
measured in terms of change in
investments or sales.
A progressive business firm
continually needs to expand its fixed assets
and other resources to be competitive in
the race. Investment in fixed assets is an
important indicator of corporate growth.
The success of the corporate in the long
run depends upon the effectiveness with
which the management makes capital
expenditure decisions. The finance
manager should ensure that he has
explored and identified potentially lucrative
investment opportunities and proposals and
select the best one based on the
opportunities identified.