Cost-effective
volume
British pronunciation/kˈɒstɪfˈɛktɪv/
American pronunciation/kˈɔstɪfˈɛktɪv/

Definition & Meaning of "cost-effective"

cost-effective
01

achieving maximum efficiency and results with minimal resources and costs

example
Example
examples
The company implemented a cost-effective solution to streamline its production process and reduce waste.
Using public transportation instead of owning a car is often more cost-effective for daily commuting.
The marketing campaign focused on social media was more cost-effective than traditional advertising methods.
Investing in energy-efficient appliances proved to be cost-effective in the long run, saving money on electricity bills.
The resourceful engineer developed a cost-effective solution to improve the efficiency of the manufacturing process.
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