Cost Analysis

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Definition: Cost Analysis

Cost Analysis
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Full Definition of Cost Analysis

The process of developing and analyzing cost data from separate business elements and estimating incremental and total resources needed to support current and future business strategies. A decision making tool used to evaluate and prioritize resource needs at based on cost estimates and their expected return on investment.

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To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/cost-analysis/
Modern Language Association (MLA):
Cost Analysis. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 19, 2024 https://payrollheaven.com/define/cost-analysis/.
Chicago Manual of Style (CMS):
Cost Analysis. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/cost-analysis/ (accessed: April 19, 2024).
American Psychological Association (APA):
Cost Analysis. PayrollHeaven.com. Retrieved April 19, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/cost-analysis/

Definition Sources

Definitions for Cost Analysis are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.