The main goal of the usage of the Cost-Benefit Analysis, is to reach to a conclusion on whether a project is profitable or not.
Comparing expected or estimatedcosts and benefits (or opportunities) connected with a project choice in order to assess if it makes sense from a businessperspective is the process of a Cost-Benefit Analysis.
The name of the technique refers to its twocomponents.
It involves being aware of the price and comparing the benefit to that price.
It determines whether a project is feasible by comparing the cost and benefit to see how much the benefitoutweighs the cost.
From the above, the main goal of the Cost-Benefit Analysis is clear.
While it's true that if George Washington is beheaded, he dies (cutting someone's head off is obviously a deadly injury), it's not necessarily true that if he dies, it was because he was beheaded, because George Washington did not necessarily die from beheading, he could have died from other causes.
