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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 housecleaning business
C.The cost of purchasing auto insurance for your dry-cleaning delivery business
Value Sensitivity Quotient
A measure of how sensitive a consumer is to the price and value of a product or service, influencing their purchasing decisions.
Occupational Data
Information related to job characteristics, employment trends, salary ranges, educational requirements, and growth projections for various professions.
Service Charge
A service charge is an additional fee collected for the provision of a service, often seen in hospitality, banking, and restaurants.
Interest
The fee paid for borrowing money, typically expressed as a percentage of the money borrowed, or curiosity and attention towards something.
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