Tangible Costs

Tangible costs are the direct, measurable expenses associated with a project or decision. These costs can include things like salaries, materials, and equipment purchases. In a Cost Benefit Analysis, tangible costs are important because they can be easily quantified and compared to expected benefits. For example, if a company invests in new technology, tangible costs would cover its purchase price and installation expenses. Understanding these costs helps individuals and organizations make informed decisions by weighing the financial inputs against the anticipated outcomes.