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Value
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What is marginal analysis?
A type of cost-benefit decision making that compares the extra benefits to the extra costs of an action
What were some of the costs and possible benefits of expedition?
What were some of the costs and possible benefits of expedition
Why do people come to different decisions using a cost benefit analysis even under the same conditions?
Costs and benefits are both subjective.
Describe three commoly methods for performing economic cost -benefit analysis?
There are three popular techniques for assessing cost-benefit analysis or economic feasibility.· Payback analysis technique is a simple and popular method for determining if and when an investment will pay for itself. Because system development costs are incurred before benefits are accrue, it will take some time for the benefits to overtake accrued and continuing cost.· Return-on-investment (ROI) analysis is a technique that compares the lifetime profitability of alternative solutions or projects. The ROI for a solution or project is a percentage rate that measures the relationship between the amount the business gets back from an investment and the amount invested. The lifetime ROI for a potential solution or project is calculated as follows:Lifetime ROI = (Estimated lifetime benefits - Estimated Lifetime Costs) / Estimated lifetime costs· Net Present Value is an analysis technique that compares the annual discounted costs and benefits of alternative solutions.
What are the impact of external costs and external benefits on resource allocation?
The impact of external costs and external benefits on resource allocation that business needs can be done quiet easily with perfection as distribution of resources has been done with costs and benefits effective point.
A decision-making method that compares costs and benefits?
rational choice
What is logical decision making based on thoughtful analysis that compares the benefits and costs of an action?
Rational Choice
What is the term for logical decision making based on thoughtful analysis that compares the benefits and costs of an action?
rational planning
What is marginal analysis?
A type of cost-benefit decision making that compares the extra benefits to the extra costs of an action
What was an argument of dove against the Vietnam War?
The costs of victory outweighed the benefits.
What is customer value?
Customer value is benefits and costs that customers get. Customers choose products according to value that the company create for themselves.
What were some of the costs and benefits of expeditions for expedition?
the costs and benefits was a chance of finding riches
What were some of the costs and benefits of explorers and sponsors?
the costs and benefits was a chance of finding riches
What were some of the costs and possible benefits of expedition?
What were some of the costs and possible benefits of expedition
What are the benefits of becoming a virtual merchant?
There are many benefits to becoming a virtual merchant. The main benefit is a reduction in costs by not having a storefront and associated rents. This can mean products can be sold cheaper.
What were some of the costs and benefits of expeditions for explorers and sponsors?
the costs and benefits was a chance of finding riches
What were some of the costs and the benefits of expeditions for explorers and sponsors?
the costs and benefits was a chance of finding riches
