Sunk cost refers to the cost that has already been incurred and cannot be recovered.

• Sunk cost is a past cost that has no relevance to future decision-making.

• It is important to ignore sunk costs when m...read more

It refers to an investment already incurred that can't be recovered

Example of sunk cost is business include Marketing

Cost that have already incurred , cannot recover

Cost which is already incurred like rent paid for the month December 2022 .