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zmey [24]
3 years ago
5

Why organizations should consider opportunity cost when deciding how to use their factors and production

Social Studies
1 answer:
Vladimir79 [104]3 years ago
3 0
An opportunity cost is a hypothetical cost incurred by selecting one alternative over the next best available alternative. Opportunity costs are relevant in business decision making. In addition, companies commonly use them when evaluating corporate projects.
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