What is meant by the term 'opportunity cost'?

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Cambridge International AS And A Level Accounting

ISBN: 9781444181432

1st Edition

Authors: Ian Harrison

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Question Posted: Aug 24, 2023 01:20 PM

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What is meant by the term 'opportunity cost'?

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Opportunity cost refers to the value of the next best alternative that must be forgone when a decisi...View the full answer

Cambridge International AS And A Level Accounting

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