What do you know about cost benefit analysis?

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What do you know about cost benefit analysis?

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  • 06 Dec, 2018

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Cost-benefit analysis is an orderly approach that is used to estimate the strengths and weaknesses of the alternatives. It is a process that is used by businesses to analyze the decisions. Cost benefit analysis is related to the cost effectiveness analysis. 

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A cost benefit analysis is a process by which the businesses are able to analyze the decisions, systems or projects. On the completion of the cost benefit analysis, the outcome will be used to develop reasonable conclusions. 

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Cost benefit analysis is a technique that is used to make a comparison between the total costs of the program with its benefits using the most common monetary units. 

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