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Detailed explanation-1: -(Sometimes, this value is represented as a ratio.) If the projected benefits outweigh the costs, you could argue that the decision is a good one to make. If, on the other hand, the costs outweigh the benefits, then a company may want to rethink the decision or project.

Detailed explanation-2: -Cost benefit analysis is a systematic process for calculating and comparing benefits and costs of a project. A cost benefit analysis finds, quantifies, and adds all the positive factors (the benefits). Then it identifies, quantifies, and subtracts all the negatives (the costs).

Detailed explanation-3: -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-4: -Determine the Costs Direct costs would be direct labor involved in manufacturing, inventory, raw materials, manufacturing expenses. Indirect costs might include electricity, overhead costs from management, rent, utilities. Intangible costs of a decision, such as the impact on customers, employees, or delivery times.