Meaning of the word "cost effectiveness" in English
What does "cost effectiveness" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
cost effectiveness
US /kɔst ɪˈfɛktɪvnəs/
UK /kɒst ɪˈfɛktɪvnəs/
Noun
the degree to which something is effective or productive in relation to its cost
Example:
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The company is always looking for ways to improve cost effectiveness.
•
We need to analyze the cost effectiveness of this new project.
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