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What is an example of when to use cost-benefit analysis?
EncofBizandFinance
A community not-for-profit organization that provides a variety of programs for children might use cost-benefit analysis to assist management in determining which activities will provide the most services for the costs specified.
Wiki User
∙ 13y ago
You can use cost-benefit analysis to decide whether to invest in a new project, to determine the economic feasibility of a policy, or to compare different alternatives in terms of their costs and benefits. It helps in evaluating the potential returns against the costs involved to make more informed decisions.
Wiki User
∙ 13y agoA federal governmental agency might use cost-benefit analysis to determine which of several projects planned for the national parks is likely to be most used by interested citizens, given the costs.
Wiki User
∙ 13y agoA business might find it helpful to use cost-benefit analysis to determine if additional funds should be invested in a facility in the home country or in Another Country.
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