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A corporation is looking for ways to increase its profit margin on its best-selling product by reducing costs. The manager determines that buying a new
A corporation is looking for ways to increase its profit margin on its best-selling product by reducing costs. The manager determines that buying a new piece of equipment for $5,750 would reduce monthly costs by $400. Would the corporation be investing in its current operations, a temporary investment, or long-term investment with the purchase of this equipment?
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