cost-effective approach JUST WRITTEN FOR YOU
/kɒst ɪˈfɛktɪv əˈprɒutʃ/ · cost.e.fec.tive.ap.proach
noun
- A method or strategy that minimizes expenses while achieving desired outcomes. The company adopted a cost-effective approach to reduce energy consumption and lower its carbon footprint.
- A way of doing something that is efficient and economical. The new manufacturing process was a cost-effective approach to producing high-quality products at a lower cost.
adjective
- Relating to or characterized by a method or strategy that minimizes expenses while achieving desired outcomes. The cost-effective design of the new building helped reduce construction costs and energy consumption.
- Efficient and economical in terms of cost or resources. The cost-effective solution to the problem was to use a more efficient algorithm.
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Did you know? The concept of cost-effectiveness has been applied in various fields, including business, engineering, and environmental science, to optimize resources and minimize waste.