Answer:
The correct answer to the following question will be "Cost-benefit analysis".
Explanation:
The cost-benefit analysis also referred to as Benefit-cost analysis, is a strategic approach to evaluating the weaknesses and strengths of approaches used only to define solutions that provide the best strategy for generating advantages while retaining costs.
This can be used to assess implemented or future actions or to measure the benefit of decision, initiative or program costs.
Therefore, this will be the right answer.
A decision-making process that compares how much time and effort would be invested in providing assistance to the perceived rewards or outcomes of that action is called a cost-benefit analysis.
A decision-making process is known to be different kind of steps taken by an individual to know the best option or course of action to meet their needs.
People often seek information about different possible decisions and their likely effect. they study the alternatives and choose one of them and thereafter implement the decision in business operations.
A cost-benefit analysis is known to be a systematic method that businesses use to look into which decisions to make and which to forgo.
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