sunk cost (redirected from Concorde effect)

Sunk Cost

A cost that has been incurred and cannot be reversed. Also referred to as "stranded cost."

Notes:

A worn-out piece of equipment bought several years ago is a sunk cost because the cost of buying it cannot be reversed.

See also: Cost of Goods Sold, Fixed Cost, Variable Cost

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sunk cost

A past outlay or loss that cannot be altered by current or future actions.