A successful company is one that keeps a check on costs and makes informed decisions based upon the understanding of those costs

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A successful company is one that keeps a check on costs and makes informed decisions based upon the understanding of those costs. Using your Resources for this week, 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.

Sunk Costs are costs that have already been paid out and are not able to be recovered. An example that used was an organization that builds a new warehouse or facility and this money has to be considered in the completion of the project if it will turn a profit in the end or if the...

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