Cost analysis is generally most useful when purchasing nonstandard items and services than standard items and services.

Question

Quizplus · Accepted Answer

Cost analysis is most effective for items and services that are unique or specialized because their pricing and supply chain may not be as transparent as standard items and services. For standard items and services, the pricing and market information are typically readily available, making cost analysis less necessary.

Cost Analysis Is Generally Most Useful When Purchasing Nonstandard Items