Respuesta :
Answer:
A cost-benefit analysis is a process businesses use to analyze decisions. The business or analyst sums the benefits of a situation or action and then subtracts the costs associated with taking that action. Some consultants or analysts also build models to assign a dollar value on intangible items, such as the benefits and costs associated with living in a certain town.
Explanation:
They are several occasions to weigh cost and benefit before making decisions, some are in buying items, starting a project or considering a business.
Going into anything or buying any product, there are things to consider. Considering this is to estimate the value of those things before doing them. Here are some situations that cause us to weigh costs and benefits;
-> Starting a project
-> Considering a business
-> Buying items
Considering the cost will have you check your budget if what you want to do is within your reach, while benefits look at what you stand to gain doing those things.
A situation where I have had to consider costs and benefits is buying a phone. I had to check my budget and what i would gain from the phone before going ahead to consider it.
For more on this click the link; https://brainly.com/question/19335757
