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Maximizing Business Viability: Resource Cost-Benefit Analysis

Learn to determine resources needed for a new business venture and evaluate their costs and benefits using concepts like differential cost, sunk cost, and opportunity cost. Understand the importance of analyzing costs and benefits and assessing relevance accurately for better decision-making. Explore how subjectivity can impact determining the benefits of resources and discover effective procedures for cost-benefit assessment.

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Maximizing Business Viability: Resource Cost-Benefit Analysis

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  1. 4.02 Determine needed resources for a new business venture to contribute to its start-up viability. Assess the costs/benefits associated with resources

  2. Differential Cost/Benefit

  3. Marginal Cost/Benefit

  4. Sunk Costs

  5. Opportunity Cost

  6. Explain the need to analyze costs/benefits associated with resources

  7. Discuss the importance of relevance in assessing costs/benefits.

  8. The Potential Impact Of Subjectivity In Determining Benefits Of Resources.

  9. Demonstrate Procedures For Assessing The Costs/Benefits Associated With Resources.

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