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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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What is the difference between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
What is the different between expired cost and unexpired cost?
expired cost - benefit has been received unexpired cost- benefit may or may not be received
Consumers use cost-benefit analysis in order to maximize what?
Consumers use cost-benefit analysis in order to maximize utility.
Advantages Cost and Risk of Database Approach?
The advantages of Cost and Risk Database Approach include being personalized and specialized. It also involves conversion costs and management cost.
What is benefit cost ratio?
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.
What are organization Cost and benefit of marketing 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.
What is benefit approach?
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.
What is the purpose of using a cost benefit analysis?
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.
What is project analysis and cost benefit analysis for project?
it is an, approach allowing you to proceed a feasable study
What describes the purpose of using cost-benefit analysis?
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?
Marginal cost is total cost/quantity Marginal benefit is total benefit/quantity
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.
When will a cost benefit analysis be done?
when will a cost benefit analysis be done
How does a pragmatic approach differ from a utilitarian approach in decision-making?
A pragmatic approach focuses on practicality and feasibility, considering the specific circumstances and context of a decision. On the other hand, a utilitarian approach prioritizes maximizing overall happiness or utility for the greatest number of people, often through a cost-benefit analysis.
What is the benefit of taking the bio-psycho-social-spritual approach?
Apply this approach to social works and their clients?
