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Definitions from the WebTerm: Cost-effectivenessDescription:Cost-effectiveness refers to the ability of a product, service, or action to deliver its intended results at a reasonable cost. It is a measure of the efficiency and value obtained from an investment or decision. Sense 1 - Noun:Cost-effectiveness as a noun refers to the quality or state of being cost-effective. It is often used to evaluate and compare the financial benefits and drawbacks of various alternatives. Example Sentence: The company decided to invest in new machinery after considering the cost-effectiveness of the potential upgrades. Sense 2 - Adjective:As an adjective, cost-effective describes something that provides value or achieves desired outcomes while minimizing expenses. Example Sentence: The cost-effective solution for our small business was to switch to cloud-based software. Sense 3 - Adverb:Cost-effectiveness can also function as an adverb, emphasizing the efficiency of an action or process in relation to its cost. Example Sentence: The project was completed cost-effectively, within the allocated budget and time frame. Related Products: | ||||
cost-basis cost-benefit cost-benefit analysis cost-conscious cost-consciousness cost-containment cost-cutting cost-effective cost-effectiveness cost-efficient cost-of-living allowance cost-of-living benefit cost-of-living index cost-per- cost-per-action cost-per-click cost-per-clicks
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