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What is sunk cost in terms of business?

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What is sunk cost in terms of business?

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In economics and business decision-making, sunk costs are costs that cannot be recovered once they have been incurred.

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The money sunk into the business, to get it producing. Can be very little, (picture framer) to a lot (engineering) i.e. start up costs. A shop carries a lot of stock, you won’t sell enough the first weeks, to pay for the lot. Thus, borrow or stick your own money into it. Peace.

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