cost/benefit analysis

Definition

A technique designed to determine the feasibility of a project or plan by quantifying its costs and benefits.

Use this term in a sentence

We were going to do a quick cost/benefit analysis to see if it was the right move for our company.

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You should try and do a comprehensive cost/benefit analysis any time you are thinking of taking on a risky venture.

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Fred wanted to upgrade his computer lab with more energy efficient machines, but after running a cost/benefit analysis, he decided to wait a year before upgrading.

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