What is most cost effective?
What is most cost effective?
The definition of cost effective is something that is a good value, where the benefits and usage are worth at least what is paid for them. An example of cost effective is using VOIP to talk on the phone long distance. Producing good results for the amount of money spent; economical or efficient.
What is another way to say cost effective?
In this page you can discover 26 synonyms, antonyms, idiomatic expressions, and related words for cost-effective, like: economical, thrifty, environmentally friendly, cost-efficient, frugal, low-cost, time-saving, worthwhile, , convenient and penny-wise.
What is another word for inexpensive?
What is another word for inexpensive?
| cheap | affordable |
|---|---|
| reasonable | budget |
| bargain | cut-rate |
| discount | discounted |
| economic | economical |
What are synonyms for inexpensive?
inexpensive
- cheap.
- economical.
- low-cost.
- low-priced.
- modest.
- popular.
- reasonable.
- bargain.
How do you use cost effective in a sentence?
(1) The bank must be run in a cost-effective way. (2) It isn’t cost-effective to build cars in such small quantities. (3) It wouldn’t be cost-effective to buy an expensive new computer when all you want to do is word processing. (4) In the medium term prove to be more cost-effective.
What is the opposite of cost effective?
What is the opposite of cost effective?
| spendthrift | wasteful |
|---|---|
| lavish | uneconomical |
| careless | inefficient |
| uncareful | unreasonable |
| expensive | unprofitable |
Does more effectiveness always cost more money?
Another number used to measure value—the cost-effectiveness ratio—is the net dollar increase in the cost of health care compared to the standard treatment, divided by the net gain in health. Effectiveness and cost are always comparative, because one treatment or procedure is always compared to another.
Which is the cost effective ventilation?
Mesh Doors. Installing a net over the main door of the house and the windows are the perfect way to keep the house ventilated. It will not only allow the circulation of air but also prevent insects and dirt from entering the premises. Meshes are easily available in the market and even easier to install in place.
How do you determine cost effectiveness?
A cost-effectiveness ratio is the net cost divided by changes in health outcomes. Examples include cost per case of disease prevented or cost per death averted. However, if the net costs are negative (which means a more effective intervention is less costly), the results are reported as net cost savings.
Why is cost effectiveness important?
Health systems have multiple goals, but the fundamental reason they exist is to improve health. It indicates which interventions provide the highest “value for money” and helps them choose the interventions and programmes which maximize health for the available resources. …
How is QALY calculated?
The basic idea underlying the QALY is simple: it assumes that a year of life lived in perfect health is worth 1 QALY (1 Year of Life × 1 Utility = 1 QALY) and that a year of life lived in a state of less than this perfect health is worth less than 1.
What cost means?
Definition: In business and accounting, cost is the monetary value that has been spent by a company in order to produce something. This is the amount charged for a product by the seller, and it includes both the cost to make the product and the mark-up cost added by the seller to produce a profit.
What is the difference between cost benefit and cost effectiveness?
A cost-benefit analysis helps you understand if a new project or campaign makes financial sense in the long run for the company. In contrast, cost-effectiveness analysis compares two outcomes based on relative costs to see which of the two provides the best opportunities for success.
What is a good benefit to cost ratio?
If a project has a BCR greater than 1.0, the project is expected to deliver a positive net present value to a firm and its investors. If a project’s BCR is less than 1.0, the project’s costs outweigh the benefits, and it should not be considered.
What is a cost consequence analysis?
Cost-consequence analysis (CCA) “One of the tools used to carry out an economic evaluation. This compares the costs (such as treatment and hospital care) and the consequences (such as health outcomes) of a test or treatment with a suitable alternative.
What mean benefits?
(Entry 1 of 2) 1a : something that produces good or helpful results or effects or that promotes well-being : advantage discounted prices and other benefits of a museum membership The benefits outweigh the risks of taking the drug.
What benefits to apply for?
Also see the Low Income Grants guide for other free cash you may be eligible for.
- Income support.
- Income-based jobseeker’s allowance.
- Income-based employment and support allowance.
- Pension credit.
- Housing benefit.
- Council tax reduction.
- Free school meals, milk or uniforms and healthcare.
- Support for mortgage interest.
What does benefits mean in a relationship?
A friends with benefits relationship is one in which two people are physically intimate with one another, yet they’re not committed to each other in any way.
What is an example of benefit?
The definition of a benefit is something that will provide an advantage for others, something you may receive as compensation from an insurance company or an event to raise money for a worthwhile cause. An example of a benefit is the action of creating a community playground.
What is the meaning of benefit boy?
Who Are The Benefit Boys? The Benefit boys are reportedly the young boys getting or siphoning the funds from the United States of America which reportedly involves big funds in a supposedly easy way most commonly though cash app.
What is the difference between benefit and feature?
TL;DR – a feature is what something is, and a benefit is what users can do or accomplish with it.
What are common job benefits?
Benefits are any perks offered to employees in addition to salary. The most common benefits are medical, disability, and life insurance; retirement benefits; paid time off; and fringe benefits. Medical insurance alone can cost several hundred dollars a month. …
What do full benefits include?
These perks, also known as “benefits in kind” can include bonuses; profit sharing; medical, disability and life insurance; paid vacations; free meals; use of a company car; pensions; stock options; childcare; gratuity; company holidays; personal days; sick leave; other time off from work; retirement and pension plan …
What is the most valued employee benefit?
It comes as no surprise that the number one most valued benefit by employees is health, dental, and vision insurance. Unfortunately, health insurance is also the most expensive benefit to offer, averaging around $6,435 per employee with individual coverage, and $18,142 for family coverage.
What are standard benefits?
A standard benefits package usually includes varying degrees of health coverage, a 401(k) plan, and a few fringe benefits. One thing to keep in mind: to receive a competitive rate on all health plans and to be able to participate in a 401(k) plan, a company must have at least five employees.
What is a good compensation package?
Salary, plus any bonuses or commissions. Paid holiday, vacation and sick days. Medical, dental and vision insurance. 401(k) or another retirement savings plan.
What makes a good compensation package?
The key to creating a good compensation package is balance. Plus, providing adequate and competitive compensation that’s based exclusively on either salary or commission most likely won’t attract or retain talent, motivate your sales staff, or allow your company to achieve its maximum profitability.