Available in:

MP3 Download
OnDemand Course

Opportunity Costs: How It Impacts Your Business

Gain a solid understanding of opportunity cost and how to incorporate it in your analysis and business decision making.

Decision makers always look at only cash expense as the cost associated with an undertaking but forget the other aspect which does not form a line item in the P&L, the opportunity cost. Opportunity cost lies at the heart of making economic decision making, a concept which is taught in top MBA schools all over the word. This topic will help you to identify and include opportunity cost in decision making as well as look at how to compute economic profits. The topic will help you explore ways to evaluate alternative undertakings and make business decisions based on opportunity costs and economic profits.

61 minutes
Course Exam
Certificate of Completion
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Understanding Age Old Profit Equation

Drilling Deeper and Understanding Costs

Some Real-World Examples of Opportunity Costs in Decision Making

Why Do Companies Outsource as Opposed to Doing Certain Tasks Themselves?

A Possible Framework for Evaluating Alternatives and Making Decisions

Case Study - Outsourcing IT Service

Concluding Remarks and Question and Answer

Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

OnDemand Course

This course was last revised on September 30, 2021.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Saeed Akbani

Saeed Akbani

Data Dynamics

  • Senior Vice President and COO at Data Dynamics
  • Technology leader with 20+ years of experience in product development and consulting
  • Has held senior positions at world-class organizations like PwC, IBM, and EDS, where he worked with customers helping them create value through cost-cutting and revenue-enhancing initiatives
  • Successfully led numerous strategic initiatives for his clients and past employers delivering complex systems on time and within budget
  • Worked with numerous clients in different industries such as automotive, warehousing, pharmaceuticals, telecommunications, health care, and utilities
  • M.B.A. degree, Olin School of Business at Washington University; master’s degree in electrical engineering, University of Michigan; and bachelor’s degree in electrical engineering, Washington University
Purchase Options

More Program Information

Why Lorman?

Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
  • Live Webinars
  • MP3 Downloads
  • Course Manuals
  • Executive Reports
  • White Papers and Articles

Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 409273
Published 2021
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!