202k views
0 votes
What’s the difference between high cost decisions and low cost decisions?

User Varunsrin
by
5.1k points

2 Answers

1 vote
High cost is more money then low cost
User Mike Lane
by
5.3k points
4 votes

Answer:

A high cost decision is a decision that involves two or more equally alluring (or beneficial) consequences. We commonly refer to high cost decisions as difficult decisions or hard choices. By choosing one option, we give up an equally exciting or positive alternative. A low cost decision is more commonly known as an easy choice. In low cost decisions, there is one clear preference among the choices; that is, the alternatives are not very attractive or beneficial.

Step-by-step explanation:

User Kapreski
by
5.4k points