The answer is "c. giving up the next best alternative by selecting the best option".
Opportunity costs represent the advantages an individual, financial specialist or business passes up while picking one option over another. While financial reports don't demonstrate opportunity cost, entrepreneurs can utilize it to settle on taught choices when they have various choices previously them. Since they are inconspicuous by definition, opportunity expenses can be neglected in the event that one isn't cautious. By understanding the potential botched chances one renounces by picking one investment over another, better choices can be made.
