shammahalim shammahalim
  • 29-06-2021
  • Business
contestada

Explain the relevance of opportunity cost for a travel firm in deciding how to use its
resources

Respuesta :

trishawanarobinson20
trishawanarobinson20 trishawanarobinson20
  • 29-06-2021

Explanation:

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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