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Edexcel A-Level Business AS 1.3.5 4a Opportunity Cost Questions

Apply opportunity cost to business choices by identifying the next-best alternative forgone when entrepreneurs commit time, savings, finance or resources.

Syllabus
First assessment 2019
Course
Business XBS11/YBS11
Level
AS

Exam points

  • Identify opportunity costs when entrepreneurial time, savings or finance are committed to a new business.
  • Apply the next-best alternative forgone to study, investment, qualifications and business choices.

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