Sally wants to purchase a cell phone. Her current phone still works but she is unable to send emails. If she has to send emails
late at night, she must drive to the local library. The library is 30 minutes away and she must pay $10 for parking each night. The time and money it takes frustrates her. A new cell phone is $800. what should she use, Budget, cost comparison or cost-benefit analysis
Based on the information given, it can be noted that the correct option will be a cost-benefit analysis.
<h3>What is a cost-benefit analysis?</h3>
A cost-benefit analysis simply means a process that's used for making decisions by looking at the cost and benefits of the alternatives.
In this case, Sally has to look at the cost and benefit of buying the new phone. If the benefits outweigh the cost, then she can purchase the new phone.
