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Definitions from WordNet

Definitions from the Web

Cost Analysis

Description:

Cost analysis refers to the process of evaluating and assessing the expenses associated with a particular project, product, or service. It involves examining various cost factors to identify the most efficient and cost-effective solutions.

Examples:

Noun (General Sense):

1. The cost analysis of the construction project helped identify areas where expenses could be reduced.
2. Before launching the new product, the company conducted a thorough cost analysis to determine the price point.

Noun (Business Sense):

1. The cost analysis revealed that investing in new technology would provide long-term financial benefits.
2. By conducting a cost analysis, the company was able to find cost-saving opportunities that improved its profitability.

Noun (Economic Sense):

1. Government policymakers rely on cost analysis to evaluate the financial impact of proposed policies.
2. The cost analysis indicated that implementing environmentally-friendly practices could lead to significant economic benefits.

Related Products:

• Books on Cost Analysis
• Cost Analysis Software
• Cost Analysis Tools