The opportunity cost to OMI of building the proposed branch is $50,000.
What is opportunity ?
- A business opportunity, also called a bizop, is the opportunity to take advantage of market events to start a business.
- It is a kind of favorable condition that exists in the market.
- Depending on the business opportunity, some businesses will succeed and others will fail.
- Opportunities are doors or opportunities to something positive, but you must claim it for yourself! there is.
- They may arise from developments in the markets you serve or the technologies you use.
- Opportunity is usually defined as a situation in which a product or service can be sold at a price higher than the cost of manufacturing it.
- A “business opportunity” is therefore a situation in which an entrepreneur can take action to make a profit.
To learn more about opportunity from the given link :
https://brainly.com/question/29341508
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