A cost that has already been incurred and cannot be avoided regardless of what a manager decides to do is referred to as a Sunk cost. In economics and finance, a cost that has already been incurred and cannot be recovered is referred to as a "sunk cost." Sunk costs are viewed as bygone in economic decision-making and are not taken into account when determining whether to continue an investment marketing project.
An investment that has already been made but cannot be recouped is referred to as a sunk cost, also known as a retrospective cost. Sunk costs in company include things like marketing, research, installing new software.
To learn more about sunk cost, click here.
https://brainly.com/question/19340017
#SPJ4
