What does cost-effectiveness mean?

Calculate how much it will cost to decorate your home

Let’s understand what cost performance is. The full name of cost-effectiveness is performance-price ratio, which is a proportional relationship between performance and price. The specific formula is: cost-effectiveness = performance/price. There is usually no comparison or less opportunity to compare on the same performance basis. Cost-effectiveness should be based on your product performance requirements, that is to say, meet the performance requirements first, and then discuss whether the price is appropriate. Since cost-effectiveness is a proportional relationship, it has its own scope of application and particularity, and cannot be generalized. Cost-effectiveness is the ratio of a product's performance value to its price value, and is a quantitative measurement method that reflects the affordability of an item. The so-called cost-effectiveness, the full name is performance-price ratio, is a proportional relationship between performance and price. The specific formula is: cost-effectiveness = performance/price. Understand cost-effectiveness. When purchasing a product, you need to understand more or less that the product is of good quality, low price, and high cost-effectiveness. Therefore, many customers regard cost-effectiveness as an important indicator when purchasing products.

Enter the area and get a free decoration quote

Enter the area and get a free decoration quote