cost benefit analysis definition
Cost-Benefit Analysis. Definition: A process by which you weigh expected costs against expected benefits to determine the best (or most profitable) course of action . When it comes to goal setting or deciding on the best plan of attack, working up a cost-benefits analysis will help you decide just which route would be best for you. And a cost-benefit analysis doesn't have to be complicated. You simply draw a line down the middle of a piece of paper to create two columns.