Explore BrainMass

Explore BrainMass

Sunk Cost

A successful company is one that keeps a check on costs and makes informed decisions based upon the understanding of those costs use the Anthony's Orchards website, any outside sources that you may seek, and your professional experience, answer the following Discussion question:

Differentiate among sunk costs, opportunity costs, and relevant costs. Choose one cost and discuss a situation where and why a manager from Anthony's Orchards would use that cost.