Sunk costs should be considered when deciding whether to sell a product as is or process it further.

Name: Sunk costs should be considered when deciding whether to sell a product as is or process it further.
Brand: Quizplus
Rating: 4.8 (42 reviews)

Question

Quizplus · Accepted Answer

Sunk costs are costs that have already been incurred and cannot be recovered, so they should not influence the decision on whether to sell a product as is or process it further. Decisions should be based on relevant costs and benefits that will occur in the future.

Sunk Costs Should Be Considered When Deciding Whether to Sell