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Which of the following would be categorised as an opportunity cost?
a.not being able to spend your $10 000 savings if you sink the money into your business
b.the cost of purchasing supplies for your house-cleaning business
c.the cost of purchasing auto insurance for your dry-cleaning delivery business
Supply Chains
The sequence of processes involved in the production and distribution of a commodity, from the sourcing of raw materials to the delivery of the final product to the consumer.
Material
Refers to physical substances from which objects are made, often characterized by their durability, flexibility, and other physical properties.
Information
Processed data that is meaningful and useful for decision-making.
Financial Flows
The movement of money between entities, businesses, or within the financial markets.
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