Meaning of the word "cost analysis" in English
What does "cost analysis" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
cost analysis
US /kɑːst əˈnæl.ə.sɪs/
UK /kɒst əˈnæl.ə.sɪs/
Noun
a systematic process used to estimate the strengths and weaknesses of alternatives or to determine the total expenses of a project or business activity
Example:
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The company conducted a thorough cost analysis before launching the new product.
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A detailed cost analysis revealed that outsourcing would be cheaper.