Including Costs in Making Business Decisions

Read the article and defend the position of the person making that decision

Use something about costs associated with business to answer it.

primarily fixed and variable costs. However, the most important cost to remember is the opportunity cost. Costs are not associated with activities instead they are associated with decisions. In the process of deciding to expand a business, the firm has to consider what it is giving up to do so. Firms ignore sunk costs, but must consider hidden costs.