Business Studies, asked by bhatiamonika7037, 1 year ago

Define opportunity cost.What role doesit play of manageral decison making

Answers

Answered by harinarayan1981

An opportunity cost is the value of the second best alternative that is forgone when a choice is made. ... The concepts of scarcity and opportunity cost play a very important role in managerial decision making.

Previous Question

Next Question

Similar questions

English, 7 months ago

Tha result of tha exam ___ always announced in June.

Computer Science, 7 months ago

Writing a diary 10th class The journey lessonWriting a diary 10th class The journey lesson This question olny answer AP,TS states because of the relative lessons please This is important to me ...

Math, 7 months ago

In which of the following numbers the place value of the digit 2 is 10 times the place value of the digit 2 in the number 7429...

Economy, 1 year ago

Ddictatorship have high rate of economic growth than democracy why...

Business Studies, 1 year ago

Define business environment. How does business environment analysis help in planning of business organization...

English, 1 year ago

I need a acknowledgement for S.S.T holiday Homework.its urgent!!!.class 8th...

Chemistry, 1 year ago

Which of the following drug acts as an antipyretic as well analgesic?

English, 1 year ago

Only in 150 words paragraph on importance of reading books...