Trade-off Analysis

Trade-off analysis is a process of comparing different options or choices by examining what you might gain or lose with each. It helps identify the best balance between competing factors, such as cost, quality, time, or resources. For example, choosing between a cheaper product that might not last as long, or a more expensive one that offers better durability. By understanding the trade-offs, decision-makers can select the option that aligns best with their priorities and goals, making informed choices that consider potential benefits and downsides.