Krishi Rasayan Exports Krishna Interview Questions and Answers

The trade-off in decision-making is the consideration of different factors and their potential consequences.

• Decision-making involves weighing the pros and cons of different options.

• People often prioritize certain factors over others when making decisions.

• Trade-offs can involve sacrificing one desirable outcome for another.

• Examples of trade-offs in decision-making include choosing between time and quality, cost and func...read more

Cost opportunity refers to the potential benefits or value that is forgone or sacrificed when choosing one option over another.

• Cost opportunity is the value of the next best alternative that is given up when making a decision.

• It represents the potential benefits or profits that could have been gained if a different choice was made.

• Cost opportunity is an important concept in economics and decision-making.

• For example, if...read more