What is a cost trade off
Administration and order processing costs are relative to the total volume being handled.In contrast, those who attempt a blue ocean strategy aim to achieve differentiation and at the same time, low cost.For example, a homeowner might weigh the expense of a lawn care service against the benefit of more leisure time and a better looking lawn.This is the main difference between opportunity cost and trade off.Opportunity cost is the cost of missing out on the next best alternative.
On the contrary, the opportunity cost is the expected return on an investment, other than the existing.We tested this hypothesis by combining a.This principle disciplines us to use resources efficiently and without waste, and also makes us alert to new resources that can satisfy our wants.
