annemujahid4
annemujahid4 annemujahid4
  • 12-09-2020
  • Social Studies
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Why organizations should consider opportunity cost when deciding how to use their factors and production

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allisongoveia60 allisongoveia60
  • 12-09-2020
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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