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.
expired cost - benefit has been received unexpired cost- benefit may or may not be received
expired cost - benefit has been received unexpired cost- benefit may or may not be received
The advantages of Cost and Risk Database Approach include being personalized and specialized. It also involves conversion costs and management cost.
Consumers use cost-benefit analysis in order to maximize utility.
Benefit Cost Ratio (BCR) - This is the value obtained by dividing the benefit by the cost. The greater the value, the more attractive the project is. For example, if the projected cost of producing a product is Rs.10,000, and you expect to sell it for Rs.40,000, then the BCR is equal to Rs.40,000/Rs.10,000, which is equal to 4. For the benefit to exceed cost, the BCR must be greater than 1.
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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.
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.
You would use a cost-benefit analysis to see what the best approach would be to a problem. It helps you know what alternative is best in terms of effort, time, and cost.
it is an, approach allowing you to proceed a feasable study
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
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
Opportunity cost is the cost that an opportunity presents. The opportunity benefit is the benefit of the opportunity that is being presented.
Cost-benefit analysis is rational.
when will a cost benefit analysis be done
Apply this approach to social works and their clients?
expired cost - benefit has been received unexpired cost- benefit may or may not be received