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what are the advantages of the payback period method for management?

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Answer:

Explanation:

It Is a Simple Process. One of the biggest advantages of using the payback period method is the simplicity of it.

Fewer Numbers to Crunch. As the payback period method is loved for its simplicity, it also extends to every aspect of the equation, naturally.

Can Help Small Businesses. Small businesses are going to have very limited funds to be able to invest in projects, so they must be extremely careful with their spending.

Reinvest Earnings Faster. If a business is looking to recoup their investments so they can continuously keep reinvesting and growing, this method is going to make things quick.

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