How To Define Cost-Benefit Analysis?
You can define Cost-Benefit Analysis as, Cost-benefit analysis is the process that companies use to analyze decisions. The company or analyst maximizes the benefits of a situation or process and then reduces the costs associated with that process. Some consultants or analysts also create models that assign financial values to extraordinary assets, e.g. B. The benefits and costs of living in a particular city.
- Cost analysis (CBA) is a process used to measure the benefits of a decision or process.
- The ACA includes measurable financial parameters such as revenue or costs to avoid the decision to implement the project.
- The ACA can also include extraordinary benefits and costs or impact of the decision, such as work ethic and customer satisfaction.
The process of comparing expected costs to expected benefits in order to determine the best (or most profitable) process.
Literal Meanings of Cost-Benefit Analysis
Meanings of Cost:
Payment (amount of money) is required before receiving or performing (an item or action).
Appreciate the price.
The amount that is paid or spent to buy or receive something.
Sentences of Cost
Each issue of the magazine costs 1.
Your job is to plan and calculate the cost of the media program for the campaign.
We can cover the cost of the event.
Synonyms of Cost
fetch, rate, rental, worth, go for, hire charge, asking price, put a value on, be priced at, evaluate, be valued at, set someone back, come to, tariff, put a price on, estimate the cost of, be, price, levy, amount to, fare, sell for, market price, damage, charge, quotation, fee, toll, estimate the price of, knock someone back
Meanings of Benefit:
Government payment or insurance plans for eligible people.
A program such as a concert or game aimed at raising funds for a particular sportsperson or charity.
Receive performance grants.
Sentences of Benefit
Enjoy the benefits of subscription.
Part-time jobs that come with services that require proof of resources.
The reunion season is marked by discounts on newcomers' dancing and profits.
The area will benefit from regeneration.
Synonyms of Benefit
perquisite, plus point, advantageousness, reap financial reward, profit, service, utility, cash in, the broo, convenience, help, unemployment benefit, public assistance allowance, assistance, ease, do well out of, state benefit, sake, make money, social security, turn to one's advantage, financial assistance, plus, donations, good point, welfare, helpfulness, advantage, use
Meanings of Analysis:
A detailed study of the elements or structure of an object.
This means psychological analysis.
Sentences of Analysis
Freud's original discipline led to another school of analysis.
Synonyms of Analysis
exploration, research, inquiry, investigation, perusal, review, anatomy, evaluation, scrutiny, anatomization, audit, probe, study, examination, inspection, survey, interpretation, scanning