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Benefit-Cost Analysis for Business Assignment Help

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Benefit-Cost Analysis (BCA) for Business- its meaning

BCA is the process which helps firms in taking business decisions. The benefits or gains from a business transaction are added and the cost incurred to achieve business transactions are deducted to get an overall estimation of business activity. For example: In most common terms cost benefit or benefit cost analysis helps an analyst to determine the costs and benefits associated with settling in a new town. Thus BCA concept is very important not only in business scenarios but also in general so we provide Benefit-Cost Analysis for Business assignment help services which is designed to assist students in analyzing benefits and costs for a particular business situation.

Its process

BCA for business requires the following steps to be undertaken:

  • Fund out alternative projects or programs
  • Evaluate the list of stakeholders
  • Measure and interpret cost benefit elements
  • Over a period of time predict the outcomes of BCA
  • Cost and benefits to be converted to common currency
  • Give discount rates wherever applicable
  • Net value/present value of projects to be calculated
  • Sensitivity analysis to be performed
  • Finally recommend choices

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Evaluation of BCA

The evaluation of BCA can be helpful in determining the positive and negative consequences of a project, like

  • Participants and users and its effects on them
  • Non-Participants and non-users and its effects on them
  • Effects on externality
  • Social benefits or optional value

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