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A trade-off means that you are compromising one area to benefit another area. For example, a trade-off in automobile safety is cost. A car could be produced that was very safe, but it would be too expensive. So, we trade-off safety (by reducing it), to get lower cost. Almost every decision, design, or negotiation uses trade-offs.
When a decision, design, or negotiation does not have a trade-off (for example, if you could make a safer car cheaper at the same time) then this is an idealized solution which is very rare.
So what is required is an analysis of every facet of the design, solution, or agreement, each facet's relationship to each other and the final output, and a decision made to get the best solution based on many competing factors.
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What is an example of a business trade-off?
Ex: giving up corn for eggs if a country has more supplies to make the corn over making the eggs
What are 3 ways that a trade union can help workers who were laid off from work?
what are three ways which a trade union can help workers who were laid off
What trade-off do you make when you use credit?
I have no idea
What is off-trade volume sales?
Off-trade sales volume refers to the amount of sales that can be accounted for by selling a product to corner shops, grocery stores, and general retail. On-trade sales are those completed with the foodservice industry.
How do you write a trade-in authorization letter to get your car title when you pay off your loan?
The dealership should have a trade-in authorization letter so you can get the car title when you pay off your loan. If not, you would just write that you are giving permission to get the title for a trade in.
What does making trade off require you to do?
A trade-off requires you to give up one thing in order to get something else. This can happen often in economics, and the way that the free market works.
What is an alternative sacrificed when making a decision?
Trade-off
What does a trade off require you do to?
A trade-off requires you to give up one thing in order to get something else. This can happen often in Economics, and the way that the free market works.
In what ways would irrigation require cooperation among people in farming settlements?
By making irrigation required to work with others and able to trade in other villages
In what ways would irrigation require cooperation among people in a farming settlement?
By making irrigation required to work with others and able to trade in other villages
What is the plural of trade-off?
Trade-offs is the plural of trade-off
What are some of the synonyms for the word concession?
Some synonyms are admission, allowance, compromise, deal, trade off, and warrant. Often times, in politics and the news, when they say concession, they mean compromise or trade off, as in one political group making concessions with another.
What is a trade-off?
A trade-off is an alternative that we sacrifice when we make a decision.
What is a limiting factor in design?
constraint
What are negative effects of Utilitarianism on society?
Big problem with the ideal of complete equality is it ignores the cost of making income transfers. Recognizing the cost of making income transfers leads to what it is called the big trade-off, which is a trade-off between efficiency and equality. However, utilitarianism itself strives to achieve the greatest happiness for the greatest number. Cordially.
What is an alleged trade?
An alleged trade is a trade reported by a counterparty which is not in one's own records (which may require follow-up).
What is the plural of trade?
Trade-offs is the plural of trade-off
