Cryptocurrency Q&A
What is sunk cost?
What is sunk cost?
CryptoNerd
Mon Jan 06 2025
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6 answers
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I recently came across the term 'sunk cost' and I'm trying to understand what it means. I know it's related to economics and decision making, but I need a clear explanation of the concept.
6 answers
KatanaSharp
Wed Jan 08 2025
A sunk cost is a financial expenditure that has already been made and cannot be retrieved.
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Maria
Tue Jan 07 2025
Employee-related expenses, such as salaries and benefits, are another example of sunk costs in business.
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KDramaLegendary
Tue Jan 07 2025
It is also known as a retrospective cost because it looks back at past investments.
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SkyWalkerEcho
Tue Jan 07 2025
In the realm of business, there are several instances where sunk costs can be found.
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Silvia
Tue Jan 07 2025
Marketing expenses often fall into this category, as once money is spent on advertising, it cannot be reclaimed.
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