Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Measuring Performance: Return on Investment ( ROI ) One of the most important metrics for measuring performance is return on investment ( also known as

Measuring Performance: Return on Investment (ROI)
One of the most important metrics for measuring performance is return on investment (also known as ROI). ROI represents the
percentage of net profit return on an investment. In other words, ROI measures how much you gained for a specific amount of money
put in. To calculate ROI, you divide net profit by the amount invested and then multiply by 100% to get the percentage return on the
investment, so ROI =(Net Profit / Investment)100%. Consider the case where a marketing manager is comparing two different ad
campaigns and has the following results:
What is the return on investment for each Ad campaign?
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Organizational Behavior

Authors: Andrzej A. Huczynski, David A. Buchanan

8th Edition

978-0273774815

Students also viewed these Accounting questions