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You received a gift card for your birthday to your favorite electronics store. You are trying to decide if you should buy the really cool camera or save the gift card for a later purchase. In a brief paragraph, create a cost-benefit analysis using each of the steps to come to a conclusion

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MissPhiladelphia
Buying the really cool camera
Cost: The present cost of the camera must be quite high since you regard it are "really cool"
Benefit: Purchasing the camera will give you the latest features

Saving the gift card for a later purchase
Cost: The cost is that you will not have a camera that will provide you with the latest features for some time.
Benefit: You can encounter a better deal with a camera with a cheaper price and with the latest features,

Based on the analysis, you should save the gift card for a later purchase.
OlanmaE

To create the cost-benefit analysis, prepare a two-column table that has the costs on one side and the benefits on the other side.

What is a cost-benefit analysis?

A cost-benefit analysis is a model that decision-makers in business employ to analyze what final decision they should take on a matter. Given the case above, you can make a wise decision by creating a table in which the costs and benefits of both choices are stated.

This will make it easier to have a foreknowledge of the most profitable action or choice.

Learn more about the cost-benefit analysis here:

https://brainly.com/question/199821

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