Costs That Have Already Been Incurred, and Which Cannot Be

question 140

Multiple Choice

Costs that have already been incurred, and which cannot be recovered, are known as

• A)short-run fixed costs.
• B)implicit costs.
• C)unavoidable costs.
• D)sunk costs.

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Definitions:

Continuous Innovation

The ongoing process of making regular, incremental improvements or updates to products, services, or processes to maintain competitiveness and meet evolving customer needs.

Clorox II Bleach

A branded bleach product designed for laundry use, offering color-safe stain removal and brightening for fabrics.

Tide Laundry

A leading brand of laundry detergent known for its cleaning power and wide range of products catering to different laundering needs.

Dynamically Continuous Innovation

An innovation that represents a significant change to an existing product, requiring a modest amount of learning or change in behavior for consumers.