Posted: March 31st, 2016

Differentiate among sunk costs, opportunity costs, and relevant costs

A successful company is one that keeps a check on costs and makes informed decisions based upon the understanding of those costs use the Anthony s Orchards website, any outside sources that you may seek, and your professional experience, answer the following Discussion question:

Differentiate among sunk costs, opportunity costs, and relevant costs. Choose one cost and discuss a situation where and why a manager from Anthony s Orchards would use that cost.