Question

Write about an enterprise applying the concept of opportunity cost​

Answer 1

Explanation:

Opportunity Cost:

Every entrepreneur must examine their significant expense – the opportunity cost – while establishing a new product or business.

The potential cost of establishing a company strategy and beginning one's own endeavor for someone already employed in a company role is often the financial security their company employment provides. Luckily, the risk can be eliminated by obtaining money for the enterprise and maintaining the previous position's income.