Examlex
The cognitive component of attitude concerns a person's feelings about the object or event.
Opportunity Costs
The loss of potential gain from other alternatives when one alternative is chosen.
Profit-maximizing
A firm's strategy or approach to achieve the highest possible profit from its operations, focusing on optimizing production and sales.
Accounting Costs
The recorded expenses in the financial statements of a company, including both fixed and variable costs incurred during business operations.
Sunk Costs
Costs that have already been incurred and cannot be recovered.
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