Think about any significant purchase you have made-perhaps a car, a house, a piece of furniture,...

 

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Think about any significant purchase you have made-perhaps a car, a house, a piece of furniture, or a new computer or other electronic device. When you were considering your purchase, what trade-offs did you think about? In other words, what were the compromises or sacrifices you had to make in order to acquire the thing you wanted to purchase? Share your thoughts with your peers about what the opportunity cost of your purchase was. In the end, was it worth it? Why or why not? Think about any significant purchase you have made-perhaps a car, a house, a piece of furniture, or a new computer or other electronic device. When you were considering your purchase, what trade-offs did you think about? In other words, what were the compromises or sacrifices you had to make in order to acquire the thing you wanted to purchase? Share your thoughts with your peers about what the opportunity cost of your purchase was. In the end, was it worth it? Why or why not?

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I made an acquisition a few years ago when I invested in a new vehicle During the decisionmaking process I had to assess various tradeoffs and take in... View the full answer