cost-effective

cost-effective
Gen Mgt
offering the maximum benefit for a given level of expenditure. When limited resources are available to meet specific objectives, the cost-effective solution is the best that can be achieved for that level of expenditure and the one that provides good value for money. The term is also used to refer to a level of expenditure that is perceived to be commercially viable.

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  • cost-effective — ˌcost efˈfective adjective bringing the best possible advantages in relation to costs: • Private banking isn t cost effective for the consumer with less than about $200,000, as those customers can get most basic services at lower fees from… …   Financial and business terms

  • cost-effective — cost ef.fective adj cost effective bringing the best possible profits or advantages for the lowest possible costs cost effective way of doing sth ▪ the most cost effective way of reducing carbon dioxide emissions ▪ The procedure is quick, easy to …   Dictionary of contemporary English

  • cost-effective — also cost effective, 1967, from COST (Cf. cost) (n.) + EFFECTIVE (Cf. effective) …   Etymology dictionary

  • cost-effective — (also cost efficient) ► ADJECTIVE ▪ effective or productive in relation to its cost …   English terms dictionary

  • cost-effective — cost ef fective adjective giving the most profit or advantage in exchange for the amount of money that is spent: Is it more cost effective to buy or rent property? ╾ ,cost ef fectively adverb ╾ ,cost ef fectiveness noun uncount …   Usage of the words and phrases in modern English

  • cost-effective — [kôst′ə fek′tiv] adj. producing good results for the amount of money spent; efficient or economical cost effectiveness n …   English World dictionary

  • cost effective — index economic Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • cost-effective — [adj] economical practical, profitable, worthwhile; concept 542 …   New thesaurus

  • cost-effective — adjective productive relative to the cost • Syn: ↑cost efficient • Similar to: ↑efficient * * * ˌcost efˈfective [cost effective cost effectiveness] …   Useful english dictionary

  • cost-effective — ADJ GRADED Something that is cost effective saves or makes a lot of money in comparison with the costs involved. The bank must be run in a cost effective way. Syn: economical Derived words: cost effectively ADV GRADED ADV after v The management… …   English dictionary

  • cost effective — adjective bringing the best possible profits or advantages for the lowest possible costs: Recruitment and training have to be planned in the most cost effective way. cost effectively adverb cost effectiveness noun (U) …   Longman dictionary of contemporary English

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