Cost-Benefit Analysis is an analytical tool used to evaluate the potential costs and benefits of a business decision. This type of analysis allows stakeholders to weigh the potential outcomes of a project before committing resources to it. Through careful weighing of the costs and benefits, organizations can make informed decisions that increase their profitability and sustainability in the long run. In essence, Cost-Benefit Analysis helps businesses understand how much value they’re receiving for their investments of time, money, and effort. It fosters strategic thinking so that companies can make more informed decisions and maximize the return on their resources.