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Tangibleand intangiblebenefitsoperate in the same way.Tangiblebenefitsof automating part of your business could include a cut in employee costs; intangiblebenefitsmight include a reputation for being a cutting-edge firm

a tangible cost is a quantifiable cost related to an identifiable source or

Atangiblecost might be themachinethat a company purchases. However, the intangible cost is the lost experience and potential lower employee morale A cost-benefitanalysis is a process used to measure thebenefitsof a decision or taking action minus the costs associated with taking that action

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