1. What is a Seen and Unseen cost? Give one example each. answer in 2-3 sentences.
1 answer
A seen cost refers to the costs that are easily identifiable and measurable, while an unseen cost refers to the hidden or indirect costs that are not readily visible. An example of a seen cost could be the purchase price of a product, while an example of an unseen cost could be the environmental impact of its production or transportation.