True
A cost that will not be affected by later decisions is termed a sunk cost.
total cost
capital-intensive.
A lower opportunity cost is generally better when making decisions because it means sacrificing less to pursue a particular choice.
because of deprecation
A cost that will not be affected by later decisions is termed a sunk cost.
Explicit cost and Implicit cost are the two dimensions of cost What role does cost play in financial decisions?
netbooks have smaller screens and are PCs. They cost less but are not as good as a notebook.
Decision makers should know a product's cost function if their decisions affect the amount of product produced. To know the cost impact of their decisions, decision makers apply the cost function to each possible volume of production. This is important in many decisions, such as pricing decisions, promotion and advertising decisions, sales staff deployment decisions, and many more decisions that affect the volume of product that the company produces.
total cost
capital-intensive.
Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade. Cost-benefit analysis helped traders make decisions about business by letting them decide if things were at too high of a cost to trade.
Differential cost is the difference between the cost of two alternative decisions, or of a change in output levels. The concept is used to reach decisions about which alternatives to pursue, and which to drop.
While paying fees at public utility services,the same can be regarded as development at a cost. When the same is availed of free of charges, that can not be termed as above.
capital budgeting decisions
capital budgeting decisions capital structure decisions
An item which shows its value above the cost of living expenditure is termed as very expensive.