Opportunity costs should be considered when assessing and comparing costs in an alliance.

Name: Opportunity costs should be considered when assessing and comparing costs in an alliance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Opportunity costs are the benefits you could have received by taking an alternative action. In the context of alliances, opportunity costs should be considered when assessing and comparing costs to ensure that the benefits from the alliance outweigh the potential costs of not pursuing other alternatives.

Opportunity Costs Should Be Considered When Assessing and Comparing Costs