Meaning of “cost-benefit analysis” in the English Dictionary


"cost-benefit analysis" in Business English

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cost-benefit analysisnoun [ C or U ]

uk us abbreviation CBA

ECONOMICS the process of comparing the costs involved in doing something to the advantage or profit that it may bring:

The cost-benefit analysis found that employing apprentices can save a company up to 15% in labour costs on large-scale projects.

(Definition of “cost-benefit analysis” from the Cambridge Business English Dictionary © Cambridge University Press)