Examlex
Which of the following is the best definition of opportunity cost?
Horse Boarding
Horse Boarding is a service provided by stables and farms where they offer shelter, care, and feeding of horses for their owners against a fee.
Credit Memorandum
A document issued to a customer by a seller, crediting the customer's account due to a return of goods or an overcharge.
Customer Allowance
A reduction in the selling price of goods or services, often granted to rectify complaints or fulfill contractual agreement terms.
Sales Discount
A reduction in the price of goods or services offered to customers, typically to prompt early payment or promote sales.
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