1 of 7

Slide Notes

DownloadGo Live

Opportunity Cost

Published on Nov 18, 2015

No Description

View Outline

MORE DECKS TO EXPLORE

PRESENTATION OUTLINE

1.

OPPORTUNITY COST

Cost of next best choice when decision making
Photo by Truthout.org
2.

TO CHOOSE SOMETHING MEANS

You did not choose something else.
Photo by thewrongglass
3.

FACTORS INFLUENCING DECISION MAKING

Experience, vagueness of info, thoughtfulness
Photo by HumongoNationphotogallery
4.

IT IS DIFFICULT TO PLACE A VALUE

On some opportunity costs, like time or experience
5.

OPPORTUNITY COST VS. TRADE OFF

Opportunity cost is value of next highest alternative
Photo by UJMi
6.

OPPORTUNITY COST VS. TRADE OFF

Trade off is exchange of one thing for another
Photo by UJMi
7.

WHEN CONSIDERING A CHOICE ASK...

What alternative is there, which is best, what can I gain?
Photo by Wonderlane

Penny Thomson