Cost-Benefit Analysis is a systematic process used by businesses and organizations to evaluate and compare the potential benefits and costs of a decision or project. This analysis involves quantifying the expected rewards or benefits that result from a particular action and then subtracting the total costs associated with taking that action. The goal of a CBA is to determine whether the benefits outweigh the costs or if an alternative course of action would be more advantageous. It is a valuable tool for decision-making, helping businesses make informed choices and allocate resources efficiently.
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