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Understanding the Importance of a Firm's Investment DecisionWhen it comes to running a successful business, one of the most crucial decisions that a firm has to make is its investment decision. This decision refers to the allocation of resources in order to acquire assets that will generate future returns. It involves careful analysis, evaluation, and strategic planning to ensure that the firm's capital is utilized in the most efficient and profitable manner.The Role of Investment Decision in Business GrowthThe investment decision plays a vital role in determining the growth and profitability of a business. By making sound investment decisions, a…