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"trade-off" as the choice you have to make between two options, given limited resources and the ability to only choose one. After you make the choice, the "opportunity cost" is the lost chance to enjoy an item you did NOT select because of the choice you just made.
What else can I help you with?
How can a Work Breakdown Structure can be used to help the managers?
WBS can be used to help make program management decisions. For example, if the food costs are too high, the WBS can be used to identify possible tradeoffs. Identifying and analyzing tradeoffs can help the manager decide how best to stay within the budget.
What are the tradeoffs between core capabilities and core rigidities?
What are the tradeoffs between core capabilities and core rigidities?
People face tradeoffs?
Its okay.
What are tradeoffs of a camera?
its 2-d?
What are tradeoffs of the airplane?
pollution is a tradeoff of airplanes
What vocational opportunities are related to golf?
Awesome
How does urbanization create opportunities for marketers?
The process where people move from rural areas to cities is called urbanization. Urbanization creates opportunities for marketers through having potential customers in a close proximity. Reducing costs of transport and costs of advertising.
What things do variable costs include?
Variable costs vary depending on a company's production. Production, or output, and costs are included in variable costs. Production and costs are directly related.
Why are tradeoffs necessary?
Tradeoffs are necessary because resources, such as time, money, and materials, are limited, requiring individuals and organizations to make choices about how to allocate them. These decisions often involve balancing competing priorities and assessing the potential benefits and drawbacks of each option. By understanding tradeoffs, we can make more informed decisions that align with our goals and values. Ultimately, they help us optimize outcomes in complex situations.
What are the potential opportunities and costs for UK organisations in outsourcing operations to countries in the enlarged European union?
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Which is not related to the expansion of employment opportunities?
Glass-Steagall Act A+LS Answer
Causes of mendicancy in the Philippines?
Some reasons for mendicancy in the Philippines may be that there are rising food costs and costs of living. There are also not a lot of new job opportunities for people to earn wages.
