Opportunity Cost

Knowledge Center

Dictionary
Start Page
Views
More
12manage app Question? Reviews Zoom
Help
Log in
Register

Summary, forum, best practices, expert tips and resources.

All about Opportunity Cost and other management methods. Completely free.

12manage is a knowledge sharing platform about management with over 1 million participants. Click for more info...

What is Opportunity Cost? Meaning.

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.

It is a term used in economics, to mean the cost of something in terms of an opportunity foregone (and the benefits that could be received from that opportunity), or the most valuable foregone alternative.

Also it can be used to refer to the value of the best alternative use of a resource. This consists of the maximum value of other outputs we could and would have produced had we not used the resource to produce the item in question.

Opportunity Cost Special Interest Group

Special Interest Group (16 members)

Forum about Opportunity Cost

Discussions about Opportunity Cost.

🔥	NEW Opportunity Cost Definition I can say it is the loss caused by opting for the last best opportunity instead of today's best opportunity in terms of (...)

Best Practices about Opportunity Cost

Here you find the most valuable discussions from the past.

Expert Tips about Opportunity Cost

Here you will find advices by experts.

Information Sources about Opportunity Cost

Here you will find powerpoints, videos, news, etc.

Compare also: Cost-Benefits Analysis | Time Value of Money | Feasibility Study | Efficiency Wage

Special Interest Group Leader

You here? Sign up for free

Return to Management Hub: Decision-making & Valuation | Finance & Investing

More on Management | Return to Management Dictionary |

This ends our Opportunity Cost summary and forum.