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What is cost- benefit approach?

Updated: 9/23/2023
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10y ago

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Cost/benefit analysis is a systemetic approach for analysing any project for approval under which all benefits form specif project as well as cost associated with that project are listed and if benefits exceeds the cost then project is considered as feasable and acquired otherwise rejected.

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Q: What is cost- benefit approach?
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Identify and assess the benefit and cost of a marketing approach?

There are many ways in which you could identify and assess the benefit and cost of a marketing approach. One way is to look at the paperwork.


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Cost/benefit analysis is a systemetic approach for analysing any project for approval under which all benefits form specif project as well as cost associated with that project are listed and if benefits exceeds the cost then project is considered as feasable and acquired otherwise rejected.


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to make decisions that maximize benefitsThe purpose of using cost-benefit analysis is to determine the options that provide the best approach for the practice and adoption in terms of cost savings, time and labor. The cost benefit analysis is also called a benefit cost analysis.To make decisions that maximize benefits


If you have total cost and total benefit how do you get marginal cost and marginal benefit?

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What is opportunity cost and opportunity benefit?

Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.


What characterizes cost-benefit analysis?

Cost-benefit analysis is rational.


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What is the benefit of taking the bio-psycho-social-spritual approach?

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What is the difference between expired cost and unexpired cost?

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