The cost of an alternative that must be forgone in order to do something. Basically, the benefits you could have received by taking the next best alternative. In this case the second option is the opportunity cost because they have forgone the next best alternative. They chose to open 50 new branches rather then buy an insurance company.
Oppurtunity cost is the advantages of the next best alternative that you did not choose, for example, if the commercial bank decides to open 50 new branches instead of renewing all of the ATMs then renewing the ATMs is the oppurtunity cost
the opportunity cost in this case was not buying an insurance company as it was the next best alternative to opening 50 new braches that they didn't choose. so opportunity cost is the next best alternative forgone
The opportunity cost is the next best alternative foregone which in this case was the decision to not buy an insurance company in order to open 50 new braches.
the opportunity cost is the next best alternative forgone, which in this case was not buying an insurance company, so that they could open 50 new brances. - yahya
The opportunity cost is the next best alternative foregone. If they decided to open 50 new branches then the opportunity cost would be not buying an insurance company
The opportunity cost is the next best option sacrificed in making your economical decision for example the bank not buying an insurance company so they can open 50 new branches
The meaning of 'Opportunity Cost' is the next best alternative foregone. In this case the commercial bank of India's opportunity cost would be the renewal of all its ATM's.
The opportunity cost is always the next best alternative foregone. therefore the next best alternative forgone was buying an insurance company. As that was their second best option under opening 50 new branches
The opportunity cost is always the next best alternative foregone. therefore the next best alternative forgone was buying an insurance company. As that was their second best option under opening 50 new branches
The opportunity cost is always the next best alternative foregone. therefore the next best alternative forgone was buying an insurance company. As that was their second best option under opening 50 new branches
The opportunity cost is the next best alternative foregone. In this case the OC decision not to buy the insurance company so that they could open 50 new braches.
The opportunity cost is the next best alternative foregone. The next best alternative was buying an insurance company as that was their second best option uder opening 50 new branches.
the opportunity cost is the next best alternative forgone. basically, the opportunity cost is what you miss out on by making the choice you make. There is almost always an opportunity cost unless something is completely free. e.g- Oxygen in the air.
The cost of an alternative that must be forgone in order to do something. Basically, the benefits you could have received by taking the next best alternative. In this case the second option is the opportunity cost because they have forgone the next best alternative. They chose to open 50 new branches rather then buy an insurance company.
ReplyDeleteOppurtunity cost is the advantages of the next best alternative that you did not choose, for example, if the commercial bank decides to open 50 new branches instead of renewing all of the ATMs then renewing the ATMs is the oppurtunity cost
ReplyDeletethe opportunity cost in this case was not buying an insurance company as it was the next best alternative to opening 50 new braches that they didn't choose. so opportunity cost is the next best alternative forgone
ReplyDeleteThe opportunity cost is the next best alternative foregone which in this case was the decision to not buy an insurance company in order to open 50 new braches.
ReplyDeletethe opportunity cost is the next best alternative forgone, which in this case was not buying an insurance company, so that they could open 50 new brances. - yahya
ReplyDeleteThe opportunity cost is the next best alternative foregone. If they decided to open 50 new branches then the opportunity cost would be not buying an insurance company
ReplyDeleteThe opportunity cost is the next best option sacrificed in making your economical decision for example the bank not buying an insurance company so they can open 50 new branches
ReplyDeleteThe meaning of 'Opportunity Cost' is the next best alternative foregone. In this case the commercial bank of India's opportunity cost would be the renewal of all its ATM's.
ReplyDeleteShahmeer Chaudhary
ReplyDeleteThe opportunity cost is always the next best alternative foregone. therefore the next best alternative forgone was buying an insurance company. As that was their second best option under opening 50 new branches
Shahmeer Chaudhary
ReplyDeleteThe opportunity cost is always the next best alternative foregone. therefore the next best alternative forgone was buying an insurance company. As that was their second best option under opening 50 new branches
Shahmeer Chaudhary
ReplyDeleteThe opportunity cost is always the next best alternative foregone. therefore the next best alternative forgone was buying an insurance company. As that was their second best option under opening 50 new branches
The opportunity cost is the next best alternative foregone. In this case the OC decision not to buy the insurance company so that they could open 50 new braches.
ReplyDeleteThe opportunity cost is the next best alternative foregone. The next best alternative was buying an insurance company as that was their second best option uder opening 50 new branches.
ReplyDelete-Jodutt Qudsiyeh
the opportunity cost is the next best alternative forgone. basically, the opportunity cost is what you miss out on by making the choice you make. There is almost always an opportunity cost unless something is completely free. e.g- Oxygen in the air.
ReplyDelete