Opportunity Cost: Difference between revisions
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(Created page with "{{Learning concept |Description=Opportunity cost is the potential benefit that is given up when one alternative is selected over another. |Wikipedia reference=https://en.wiki...") |
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{{Learning concept | {{Learning concept | ||
|Description=Opportunity cost is the potential benefit that is given up when one alternative is selected over another. | |Description=Opportunity cost is the potential benefit that is given up when one alternative is selected over another. | ||
It is the most valuable alternative that is given up if a particular investment is undertaken. | |||
|Wikipedia reference=https://en.wikipedia.org/wiki/Opportunity_cost | |Wikipedia reference=https://en.wikipedia.org/wiki/Opportunity_cost | ||
}} | }} | ||
Latest revision as of 13:16, 7 January 2014
Description
Opportunity cost is the potential benefit that is given up when one alternative is selected over another.
It is the most valuable alternative that is given up if a particular investment is undertaken.
Concept Prerequisite
Wikipedia Reference
https://en.wikipedia.org/wiki/Opportunity cost
Learning Material
Covered in Topic(s)
| Competitive Advantage and Firm Performance |
| Cost Terms Concepts and Classification |
| Making Capital Investment Decisions |