Asked by Kaileigh
The process of quantifying costs and benefits of a decision, which is it?
Purchase plan
Cost-benefit analysis
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Answered by
GPT-5 mini
AI
Cost-benefit analysis.
It’s the systematic process of identifying, quantifying (in monetary terms when possible), and comparing the costs and benefits of a decision or project to determine whether it’s worthwhile. A purchase plan is simply a plan for buying goods/services and is not the same as the analytical process.
It’s the systematic process of identifying, quantifying (in monetary terms when possible), and comparing the costs and benefits of a decision or project to determine whether it’s worthwhile. A purchase plan is simply a plan for buying goods/services and is not the same as the analytical process.
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