Opportunity Cost

Knowledge Center

12manage is looking for students. Info

Description of Opportunity Cost. Explanation.


Definition Opportunity Cost. Description.

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.

Special Interest Group - Opportunity Cost

Special Interest Group (16 members)

Forum - Opportunity Cost  

In this forum you will find recent interesting discussions.

Hot Opportunity Cost Definition
I can say it is the loss caused by opting for the last best ...

Best Practices - Opportunity Cost

Here you will find the most valuable discussions from the past.

Expert Tips - Opportunity Cost

Here you will find high-quality advice from experts.

Resources - Opportunity Cost

Here you will find powerpoint presentations, micro-learning videos and further information sources.


News about Opportunity Cost


Videos about Opportunity Cost


Presentations about Opportunity Cost


Books about Opportunity Cost


More about Opportunity Cost


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.

About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2019 12manage - The Executive Fast Track. V15.1 - Last updated: 19-10-2019. All names of their owners.