Opportunity Cost

One concept. Four tiers of command. Which do you speak?

Category: Economics

Foundational Lexiconwhat you give up
Executive Parlanceforegone alternative
Scholarly Discoursenext-best sacrifice
Babel ZenithOpportunity Cost
Origin: Economics

Etymology & Meaning

The loss of potential gain from other alternatives when one is chosen.

In the Boardroom

Considering what you're not doing by pursuing this strategy.

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