cost
Incentive
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A. Innovation B. Incentive C. Profit
so that the income or benefits gained than the cost are
The eruption of Krakatoa in 1883 caused widespread destruction, resulting in massive loss of life and property. The exact cost of the damage is difficult to quantify, but it had a significant impact on the region and beyond in terms of economic losses and environmental consequences.
cost
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Incentive
The economic impact of the Dust Bowl is difficult to quantify, but it is estimated to have cost the U.S. billions of dollars in crop damage, lost income, and government assistance. The Dust Bowl exacerbated the Great Depression by further straining the economy.
A. Innovation B. Incentive C. Profit
Since James Bond works for the British Secret Service and isn't a "hired assassin" as it were, it would be difficult to quantify how much it would cost to hire him.
so that the income or benefits gained than the cost are
Cost-benefits analysis
Their cost is difficult to estimate and people take them for granted.
In the decision-making process, quantifying risk, cost, and time typically occurs during the evaluation or analysis step. This involves assessing the potential impacts and uncertainties associated with various options, allowing decision-makers to compare alternatives effectively. By analyzing these factors, stakeholders can make informed choices that align with their objectives and constraints.
Opportunity cost in economic decision-making is measured by comparing the benefits of choosing one option over another. It involves considering the value of the next best alternative that is forgone when a decision is made. By weighing the benefits and drawbacks of different choices, individuals and businesses can make informed decisions that maximize their resources and outcomes.