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Home Definitions

What is a Sunk Cost? Definition or Meaning

Posted by Bizversity

Sunk costs are those items or services a business spends money on but its cost cannot be recovered. It’s done and dusted.

For example…

Sending employees on training courses and them resigning soon after is a sunken cost. The employee took the knowledge they learned on the training course with them and unfortunately, the business will not be getting a refund as a result.

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