Because nothing can be done about sunk costs, they are irrelevant to decisions about business strategy.

Name: Because nothing can be done about sunk costs, they are irrelevant to decisions about business strategy.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Sunk costs are past costs that have already been incurred and cannot be recovered, so they should not influence future business strategy decisions, which should be based on incremental costs and benefits.

Because Nothing Can Be Done About Sunk Costs, They Are