Problem: Cost-Benefit Analysis
Conduct a cost-benefit analysis using a template, and explain the concept of opportunity cost and how a cost-benefit analysis aligns with organizational needs. Recommend a plan of action based on the cost-benefit analysis.
Use this template to complete the assessment.
Cost-Benefit Assessment Template.
a) What are the differences between variable and fixed costs? How do these affect financial forecasting?
b) What is the purpose of a cost-benefit analysis?
The response should include a reference list. One-inch margins, Using Times New Roman 12 pnt font, double-space and APA style of writing and citations.