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Sunk costs are 1costs that is the sum of all costs in a particular business function of the value chain 2costs incurred as a result

Sunk costs are
1costs that is the sum of all costs in a particular business function of the value chain
2costs incurred as a result of an investment position
3costs that are unavoidable and cannot be changed no matter what action is taken
4the contributions to operating income that is forgone by not using a limited resource in its next-best alternative use

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