Posts Tagged ‘opportunity cost’
Opportunity cost : what have you lost anyway ?
Posted by: ekta1007 on: January 21, 2009
Opportunity cost or economic opportunity loss is the value of the next best alternative foregone as the result of making a decision. Opportunity cost analysis is an important part of a company’s decision-making processes but is not treated as an actual cost in any financial statement. The next best thing that a person can engage [...]
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