Opportunity Cost of an Action Is

question 130

Multiple Choice

Opportunity cost of an action is

• A)the best choice that can be made.
• B)the highest-valued alternative forgone.
• C)the money cost.
• D)the comparative cost.
• E)the absolute cost.

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Definitions:

Connection

Connection pertains to the relationship or link between individuals, groups, or systems that allows for communication, interaction, or functional integration.

Company's Website

An online platform owned and operated by a business, designed to provide information about the company, its products, and services.

Commerce Element

Fundamental aspects or components involved in the buying and selling of goods and services.

7Cs

An extension of the marketing mix that includes Customer, Cost, Convenience, Communication, Caring, Confirmation, and Culture considerations.