How can Opportunity Costs affect your business environment?

Weighing opportunity costs allows the business to make the best possible decision. If, for instance, the company determines an alternative choice's opportunity cost is greater than what the company gains from its initial decision, the company can change its mind and pursue the alternative choice

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Considering the opportunity costs allow the business to make the best possible decision.

Explanation:

If, for example, the company determines an alternative choice's opportunity cost is greater than what the company gains from its initial decision, the company can change its mind and the alternative option.

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