With it’s routes in economic theory, opportunity cost is a term that seems to be coming back in terms of popularity in recent years, and is also seen expressed as opportunity benefit. The opportunity cost of a choice is defined as the value of the best alternative foregone, where a choice needs to be made […]
ROCE – Return On Capital Employed This on the the key measures used when assessing the health of a business, and also the effectiveness of a business decision or project – it is viewed as a good metric as it shows how effectively the business is not just using its assets and equity, but how […]
Business jargon in easy to understand plain English