• an important part of a cost-benefit analysis is identifying

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  • the costs and benefits associated with a particular project. Costs can include materials, labor, taxes, interest on loans, and administrative fees. Benefits may include increased revenues, improved efficiency, increased market share, cost savings, and improved customer satisfaction. In order to accurately assess the return on investment from a project, it is important to compare the costs and benefits and weigh them against each other. Cost-benefit analyses can also be used to compare different projects and decide which one has the most potential for success.

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      Alexus Patterson

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