cost effective

Good value proposition

Cost effective describes something that delivers good value relative to what it costs—the benefits justify the expense.

A cost-effective solution isn't necessarily the cheapest option, but rather one where the results are worth the investment: Solar panels are increasingly cost effective for homeowners.

Often hyphenated when preceding a noun: a cost-effective approach to healthcare.

economical

affordable

Reasonably priced

low-priced · thrifty · frugal · penny-wise · economize · bargain · discounted · cut-rate · prudent · sensible

ROI

return on investment

Profit relative to cost

high-yield · value-added · recouped · amortized · depreciation · bang for buck · dividends · worthwhile

efficiency

streamlined

Made smooth and efficient

time-saving · labor-saving · automated · scalable · high-yield · maximized · systematic · energy-efficient · simplified · consolidated

procurement

bulk buying

Acquiring goods in quantity

negotiated · sourced · supplier · contracted · outsourced · offshored · in-house · leased · rented · secondhand

Categories
Opposites
economic efficiency

cost effectiveuneconomical

Not worth the cost

inefficient · wasteful · unprofitable · loss-making · expensive

resource stewardship

cost effectiveextravagant

Exceeding sensible bounds

wasteful · profligate · squandering · spendthrift · lavish

Family

cost, effective, cost-effective, cost efficiency, cost-effectiveness, cost-efficient

Familiarity
Top 100,000
Profile
Used worldwide · Timeless · Abstract · Everyday, not technical · Rated G