If we are going to measure the cost-benefit by the number of accessible applications then we would require to know how many applications we are going to run in each one. Obtain the difference and see if the percentage matches the price percentage difference between both. Then understand if it is worth spending that money on the expensive tablet or not.
Explanation:
To run an unbiased cost-benefit analysis we need to pursue the following. First, following a cost-benefit analysis based only on the number of applications we can access is not very reliable. Because they might require fewer resources than what we are going to run, or only because there are operative systems that have agreements with different applications. However, if we are going to measure it by the number of accessible applications then we would require to know how many applications we are going to run in each one. Obtain the difference and see if the percentage matches the price percentage difference between both.
Cost- benefit analysis is the method that is mostly used by businessman to see whether they have taken correct decision or not.
Explanation:
Suppose a doctor has suggested two same type of medicine to the patient. One of the medicine is expensive and the other medicine is less expensive. But both the medicine will have same utility that is both will be used as a preventive measure for the sickness. One extra quality that the expensive medicine is having is that it will provide the patient to access to more application.
Using the cost benefit analysis it will be beneficial if the patient go for the cheaper medicine because the main aim of the patient is to cure the disease. Extra application is not required. The cheaper medicine will be budget friendly as well.
The cost-benefit analysis is basically known as the evaluation method because it helps the company to identify the best possible option that will give a good return on investment.
