Definition: Opportunity Cost is an economic term that refers to the advantages of the second best business alternative, which are forgone as a result of accepting the best alternative. |
More on investing: Alternative Investments, Asset Management, Break-even Point, BRIC Countries, Capital Structure, more on investing... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
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