Opportunity Cost
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Opportunity Cost SiteMap

Opportunity Cost is simply cash flow you could have earned

If your child keeps their savings in their drawer when they could have put their money into a bank saving account, opportunity cost is simply interest they could have earned.

When a company spends money on wasteful activities, opportunity cost is money they could have earned if they did not have to spend it on wasteful activities. Examples of wasteful activities are:

  • reissuing incorrect payroll check
  • ordering incorrect item
  • recalling product
  • redoing 
Techniques like Activity Based Costing and Reengineering help to reduce opportunity cost.

Email below or call John Antos, Maurice Greaver, or Steve Peacock at 972-980-7407 to find out how to better cost your products/services, call centers, processes, and channels of distribution. 

Find Out How We Can Help You Obtain More Accurate Costing

Have Consultant contact me

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Phone: 972.980.7407 email: Contact us
Value Creation Group, Inc.
7820 Scotia Dr. #2000
Dallas, TX 75248

 

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Cost Accounting
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Cost Reduction Program
Opportunity Cost
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Cost Accounting System
Cost Accounting Software
abc accounting
abc cost accounting
Functional Based Costing


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