For decision making purposes most of the analysis has focused on short term activities and operations. But, managers must consider some high amount of expenditures which is known as capital expenditures that effect for many years. These expenditure decisions relate to creation of new facilities, large expenditure for vehicles and machinery, conduct a new product research and development and related items where the present cost is high and the payback period will very far to come.
As an individual, one can probably think of many things that he wishes he could do. He may has taken an evaluation and regretted some ridiculous error. He realizes the information but drop in his performance. The people of the business sector will experience the same emotions. Maybe goods were delivered using expensive overnight express when less costly ground shipping would have worked as well.