A company is considering replacing its periodic offsite face-to-face meetings with ones that can be conducted online In a virtual environment. The company calculated Its costs for each face-Io-face meeting as well as the initial one-time costs necessary to set up online meeting capabilities. Once those capabilities are established, the company incurs negligible additional costs for each subsequent meeting. The graphic shows the one-time cost to the company for the virtual meetings as well as the total costs for the face-to-face meetings. For example, if the company conducted 5 face-to-face meetings, then the total costs to the company for the meetings would be approximately US$20,000.
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