Understanding Costs for Management Decisions

William J. Bruns Jr.

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Background Note | HBS Case Collection | June 1997 (Revised January 1999)

Understanding Costs for Management Decisions

by William J. Bruns Jr.

Abstract

Defines types of costs--current, sunk, opportunity, relevant, differential--and their use in management and management decision making. Contrasts single-period and multiple-period cost analysis.

Keywords: Cost vs Benefits; Decision Making;

Language: English

Format: Print

4 pages

Educators Purchase

Citation:

Bruns, William J., Jr. "Understanding Costs for Management Decisions." Harvard Business School Background Note 197-117, June 1997. (Revised January 1999.)