Purpose of the firms’ capital budgeting
| Purpose of investment | No. of company (N) | (%) |
|---|---|---|
| Expansion into new business | 7 | 17.95 |
| Investing new facilities | 6 | 15.38 |
| New product development | 0 | 0 |
| Expansion of existing business | 18 | 46.15 |
| Diversification | 0 | 0 |
| Merger and acquisition | 3 | 7.69 |
| Equipment replacement | 5 | 12.82 |
| Modernization | 0 | 0 |
| Enjoying new technology | 0 | 0 |
| Research and development | 0 | 0 |
| Training and development | 0 | 0 |
| Any other capital project | 0 | 0 |
| Total | 39 | 100 |
| Purpose of investment | No. of company ( | (%) |
|---|---|---|
| Expansion into new business | 7 | 17.95 |
| Investing new facilities | 6 | 15.38 |
| New product development | 0 | 0 |
| Expansion of existing business | 18 | 46.15 |
| Diversification | 0 | 0 |
| Merger and acquisition | 3 | 7.69 |
| Equipment replacement | 5 | 12.82 |
| Modernization | 0 | 0 |
| Enjoying new technology | 0 | 0 |
| Research and development | 0 | 0 |
| Training and development | 0 | 0 |
| Any other capital project | 0 | 0 |
| Total | 39 | 100 |
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