What is the difference between direct costs and opportunity costs?

Name: What is the difference between direct costs and opportunity costs?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is Direct costs are those the firm incurs in entering a new foreign market and include costs associated with setting up a business operation. Opportunity costs are the costs of missing other opportunities by virtue of entering one market rather than another.

What Is the Difference Between Direct Costs and Opportunity Costs