BUSINESS ADMINISTRATION
BUSINESS ECONOMICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cost-Benefit Analysis
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Trade-off
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Marginal Cost
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Opportunity Cost
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Detailed explanation-1: -What Is A Cost-Benefit Analysis? A cost-benefit analysis is the process of comparing the projected or estimated costs and benefits (or opportunities) associated with a project decision to determine whether it makes sense from a business perspective.
Detailed explanation-2: -What is cost-benefit analysis? Cost-benefit analysis is a way to compare the costs and benefits of an intervention, where both are expressed in monetary units. idea icon. Both CBA and cost-effectiveness analysis (CEA) include health outcomes.
Detailed explanation-3: -Cost–benefit analysis (CBA), sometimes also called benefit–cost analysis, is a systematic approach to estimating the strengths and weaknesses of alternatives.
Detailed explanation-4: -Cost-benefit analysis (CBA) is used most often at the start of a programme or project when different options or courses of action are being appraised and compared, as a method for choosing the best approach. It can also be used to evaluate the overall impact of a programme in quantifiable and monetised terms.