Cost effective meaning in English
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Definition
cost-effective: good value for money, profitable
This is a cost-effective solution. The money we spend will be worth it as we will make a big difference.
Examples
- "I think that once Americans realize that eco-roofs are cost-effective, they will change their attitude."
- "Bruno : It's true that our current methods are cost-effective, but if we're risking the type of negative exposure and financial risk that Susie warns against, I assure you that we will go in a different direction."
- "While I agree with you that it would be nice to work with manufacturers who have the OILS stamp of approval, it is simply not cost-effective to switch subcontractors at this point."
Exercise 1
According to the text, Kevin to change their subcontractors.
According to the text, Kevin feels it would be unprofitable to change their subcontractors.
feels it would be unprofitable: This is the best choice here. Kevin writes: "it is simply not cost-effective to switch subcontractors at this point". This means that to change subcontractors would not be "profitable". This is because the new subcontractors would charge much more for production, thus reducing Delavigne's total profits.
won't be able: This is not true. Although Kevin writes that it would not be "cost-effective" to change subcontractors, this does not mean that Delavigne "won't be able" to switch contractors.
will encourage Delavigne: In fact, Kevin writes that he would encourage Delavigne "not" to switch subcontractors because of the considerable expense.
has advised the shareholders: Kevin does not indicate anything about "advising the shareholders" to change subcontractors. Kevin writes later on in his letter that he believes the shareholders would oppose the change.
Exercise 2
Select the TRUE statements from the list below, according to this dialogue.
There may be more than one correct answer!
There may be more than one correct answer!
Select the TRUE statements from the list below, according to this dialogue.
There may be more than one correct answer!
There may be more than one correct answer!
This statement is false. Throughout the interview, Bruno invites Ursula to answer the journalist's questions. For example, he says 'Ursula, what's your favorite?' and 'Ursula, why don't you take this question?'. This indicates that Bruno prefers Ursula to answer the questions, rather than responding himself.
This statement is false. At no point does anyone say that eco-roofs are 'high cost' or 'expensive'. Ursula says that 'eco-roofs are cost-effective'. This means that the money invested in them is small compared to the long term financial benefits (reduction of heating costs, saving water). Sigourney says 'money seems to be the only kind of green that Americans understand', meaning that Americans won't embrace eco-roofs until they clearly see the financial benefits. Another example: 'Although energy-saving light bulbs are more expensive than the traditional kind, they are cost-effective in the long term'.
This is true. Ursula says 'I think the construction of the eco-roofs is the most popular of all Delavigne's initiatives'. This means that the project has been very 'well-received'. The term 'well-received' is used to describe something which is 'appreciated' or receives a positive reaction. 'Best-received' is the superlative form of 'well-received'.
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