What are some examples of ROI in business?
An example of an AI chatbot conversation about ROI in business and its real-world applications.
What are some examples of ROI in business?
ROI, or Return on Investment, measures the profitability of an investment. For example, if a company invests $10,000 in a marketing campaign and generates $15,000 in sales, the ROI would be 50%.
Can you give me another example?
Sure! If a tech company spends $50,000 on developing a new software product and sells it for $100,000, the ROI would be 100%.
How do you calculate ROI?
To calculate ROI, use the formula: (Net Profit / Cost of Investment) x 100. This gives you the percentage return on your investment.
What is a good ROI percentage?
A good ROI varies by industry, but generally, an ROI of 15% or higher is considered favorable.
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