Asked by
Maria Morales- Martinez
on Nov 07, 2024
Verified
The reduction in the sale of hamburgers when hot dogs are added to a menu is called the _____ cost.
A) Sunk.
B) Opportunity.
C) Incremental.
D) Stand-alone.
E) Erosion.
Erosion Cost
Costs that occur when the introduction of a new project reduces sales and profits of existing products.
- Delineate between necessary and unnecessary costs, including sunk costs, opportunity costs, and additional costs, in the scrutiny of project analysis.
Verified Answer
KM
Learning Objectives
- Delineate between necessary and unnecessary costs, including sunk costs, opportunity costs, and additional costs, in the scrutiny of project analysis.