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Sage Social Science Thesaurus

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... > medicine > clinical medicine > medical decision making > basis for making the decision > cost-benefit analysis

... > medicine > clinical medicine > medical decision making > basis for making the decision > cost-benefit analysis

Preferred term

cost-benefit analysis

Definition

Cost-benefit analysis (CBA) is a tool for comparing the costs of an action with its benefits in order to aid decisions and choices between alternative courses of action. CBA is useful to green businesses because it enables them to integrate environmental and economic goals in their operations and ensure that environmental and social costs are taken into consideration in their purchasing or investment decisions. [Source: Green Business: An A-to-Z Guide; Cost-Benefit Analysis]

Broader concept

basis for making the decision

Related concepts

Belongs to group

methods

URI

https://concepts.sagepub.com/social-science/concept/cost-benefit_analysis

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