Definition of cost-efficient in English:

Share this entry

cost-efficient

Pronunciation: /ˈkôstəˌfiSHənt/

adjective

Another term for cost-effective.
Example sentences
  • It is a cost-efficient way of generating goodwill among your customers and getting and keeping your name in front of people.
  • By conducting some careful research, he has put together a mix of cost-efficient funds.
  • However, hiring staff who already have the necessary qualifications to carry out the job can prove cost-efficient for the organisation as it saves the need to provide this training.

Derivatives

cost-efficiency

noun
Example sentences
  • Their rapid growth is being fuelled by the corporate mantras of cost-efficiency and improved productivity that are sweeping through boardrooms on both sides of the Atlantic.
  • Therefore huge emphasis must be placed on cost-efficiency.
  • This improves our cost-efficiency and enhances the fluency of work.
Share this entry
 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.