Cost-Effective and Cheap: Not the Same Thing

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading ... Loading ...

Okay, class… do we all know the difference between cost-effective and inexpensive? Because they are not necessarily synonymous.

Often, a cheap alternative can be far more costly in the long run than making a cost-effective, but more expensive, investment.

Alternatively, it’s often a seemingly “costly” investment that ends up being vastly more cost-effective (read “cheaper”) because it instills greater value and ROI.

Remember that–it’s a very important distinction.

Like this? Share it!
  • Twitter
  • Facebook
  • LinkedIn
  • E-mail this story to a friend!
  • Technorati
  • StumbleUpon
  • Digg
  • del.icio.us
  • Google Bookmarks
  • Yahoo! Buzz

Your thoughts? Post a comment!

I'm a straight-shooter, but I don't mince words. Don't be afraid to do likewise, but don't bother if you are thin-skinned. I only play with grown-ups and those who want to talk smart business. (If you want a pic to show with your comments, get a gravatar.)

Your email is never shared. Required fields are marked *

*
*