Definition, Meaning & Synonyms
cost-effective way
phrase
/kɔst ɪˈfɛktɪv weɪ/
Definition
A strategy or method that provides good value for the expense incurred.
Examples
- Using solar panels is a cost-effective way to power your home.
- The new marketing strategy proved to be a cost-effective way to reach more customers.
- Traveling off-season is often a cost-effective way to enjoy popular destinations.
Meaning
Refers to an approach that minimizes costs while maximizing benefits, making it an ideal choice for budget-conscious decisions.
Synonyms
- Economical method
- Budget-friendly approach
- Value for money
