cost impact

USAGE SUMMARY

"cost impact" is a correct and usable phrase in written English.
It is typically used to describe the financial consequences or effects of a decision, action, or event. For example: - The company is currently evaluating the cost impact of implementing a new recycling program. - The cost impact of the recent tax reform on small businesses has been a topic of much discussion. - The cost impact of the pandemic on the tourism industry has been devastating. - Before making any major changes to our operations, we need to carefully consider the potential cost impact. - The cost impact of delaying the project launch by three months would be significant.

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The credit rating and borrowing cost impact could be severe.

The New York Times

The total annual cost impact of diabetes in Australia is already estimated at $14.6bn.

The Guardian - Opinion

"Employers are at least resistant if not opposed because of their fears of the cost impact of this mandate.

The New York Times

It was identified that this increase from 25%to33%3% was having a significant cost impact elsewhere upon public services.

The Guardian

"The cost impact is even greater to the extent 'adverse selection' occurs, meaning that only people who need health care services choose to enroll in their parents' plan".

The New York Times

"Everybody really was conscious of the cost impact that the plan was going to have," said Stephanie Marquis, a spokeswoman for the state's insurance commissioner.

The New York Times - Health

"While we are still modeling the cost impact, at 23 Australian dollars per ton, there will be some effect on passengers through higher domestic fares," it said.

The New York Times

Not expecting supply or cost impact.

TechCrunch

How does the rising development cost impact your business?

Forbes

The aim of the study was to assess the cost impact of citrate CVVH versus non-citrate CVVH and to estimate the cost impact of different RF use.

Annals of Intensive Care

The cost impact of an additional hire is shared by all the existing employees.

Forbes

Expert writing Tips

Best practice

When analyzing the "cost impact", always quantify the results with specific figures and a clearly defined timeframe.

Common error

Don't use "cost impact" when you mean cost-effectiveness. "Cost impact" simply refers to the financial effect, while cost-effectiveness compares the cost to the benefits achieved.

Linguistic Context

The phrase "cost impact" functions as a noun phrase, typically serving as the subject or object of a sentence. It describes the financial effect or consequence resulting from a particular action, decision, or event. This is supported by examples in Ludwig.

Expression frequency: Very common

Frequent in

Science

38%

News & Media

35%

Formal & Business

27%

Less common in

Encyclopedias

0%

Wiki

0%

Reference

0%

Ludwig's WRAP-UP

The phrase "cost impact" is a common and grammatically correct term used to describe the financial effect or consequence of a particular action or decision. Ludwig AI indicates its frequent use in various contexts such as news, science, and formal business settings. While alternatives like "financial implications" or "economic consequences" exist, "cost impact" provides a direct and clear way to express the financial implications. When using this phrase, it's essential to quantify the results with specific figures and avoid confusing it with cost-effectiveness, which involves comparing costs to benefits. The analysis provided here helps to ensure accurate and effective use of the phrase in various professional and academic contexts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financial implications

Focuses on the financial aspect and the consequences that arise from it.

economic consequences

Highlights the broader economic effects, not just direct costs.

fiscal effect

Emphasizes the impact on government finances or budgets.

price effect

Specifically refers to how prices are influenced.

budgetary effect

Indicates the effect on a budget, whether personal, organizational, or governmental.

expenditure implications

Highlights how spending is affected.

monetary ramifications

A more formal way of saying financial consequences, suggesting far-reaching effects.

commercial repercussions

Focuses on the commercial or business-related aftereffects.

investment effect

Specifically relates to how investments are influenced.

profit effect

Refers to the impact on profitability.

FAQs

What does "cost impact" mean?

The term "cost impact" refers to the financial effect or consequence that a decision, action, or event has on a budget, project, or organization.

How can I assess the "cost impact" of a new policy?

To assess the "cost impact", you need to identify all the costs associated with the policy, estimate the magnitude of each cost, and then sum them up to determine the total financial effect.

What are some alternatives to "cost impact"?

You can use alternatives like "financial implications", "economic consequences", or "fiscal effect" depending on the context.

Why is it important to analyze the "cost impact" before making a decision?

Analyzing the "cost impact" helps in making informed decisions by providing a clear understanding of the potential financial consequences, allowing for better resource allocation and risk management.