AQA GCSE Business · 8132
Paper 1, Paper 2
Revise: Purpose and Foundations of Business ActivityOpportunity cost is the next best alternative given up when a choice is made.
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GCSE Business · key term
The next best alternative given up when a choice is made.
Used by AQA
Paper 1, Paper 2
Revise: Purpose and Foundations of Business ActivityOpportunity cost is the next best alternative given up when a choice is made.
Opportunity cost is the next best alternative given up, not the money spent or every rejected option.
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