Which payback period will managers want when the risk of obsolescence is high?

Name: Which payback period will managers want when the risk of obsolescence is high?
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Question

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Managers will want a shorter payback period when the risk of obsolescence is high as they want to recover their investment as quickly as possible in case the technology or product becomes obsolete. A longer payback period increases the risk of the investment becoming irrelevant or outdated, leading to losses for the company.

Which Payback Period Will Managers Want When the Risk of Obsolescence