Examlex
One way to begin a presentation is to refer to a recent or well- known event.
Fixed Costs
Expenses that do not change with the amount of goods or services produced by a business.
Sunk Costs
Sunk costs refer to expenses that have already been incurred and cannot be recovered, and therefore should not affect future business decisions.
Opportunity Costs
The missed opportunity to benefit from different options when a single choice is made.
Economies of Scale
Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing with increasing scale.
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