Explain why it is irrelevant to a business decision

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Point out which costs in the preceding question are considered "relevant" and which are considered "irrelevant" to a business decision. Explain why.

Sunk cost versus incremental cost-Irrelevant,Fixed cost versus variable cost, Incremental cost versus marginal cost, Opportunity cost versus out-of-pocket cost.

Reference no: EM1362337

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Explain why it is irrelevant to a business decision : Point out which costs in the preceding question are considered "relevant" and which are considered "irrelevant" to a business decision. Explain why.

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