One can describe Capital investment appraisal as the decision-making process used by organisations in evaluating different investments in order to decide which fixed assets to purchase. The aim of this paper is to critically discuss how business organisations in the retail sector use different...

"The first of these meanings implies what is known, in the UK, as the valuation process or, in the US, as the appraisal process. This process seeks to estimate what is termed 'Market Value', which is a prediction of the most likely selling price for an asset. There is now widespread acceptance...