Back to the Future, Part V: The Sheer Volume of It

Editor’s note:  This series follows predictions by Lars Kolind[1] in the 1990s.   Post #1 considered Audiologists as retailers; Post #2 , Post #3 and Post #6 looked at effects of new forms of competition on retailing and independent practices; Post #4 and Post #5 looked at Big Manufacturers’ innovations and retail distribution of product.  Lars Kolind’s Prediction #V:  It will be increasingly difficult to base a hearing healthcare…

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Economics 101: Accounting, Economic, and Sunk Costs

This post is the beginning of a series that will pop up once in awhile on this site, with the intent of giving instruction on basic Economics concepts in small, hopefully palatable doses.  Today’s concept is Decision Costs, which can be tallied up as either Accounting Costs or, more usefully, as Economic Costs. Say you’ve…

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