What is an example of a trade off?
Trade-off definitions. … The definition of trade off is an exchange where you give up one thing in order to get something else that you also desire. An example of a trade off is when you have to put up with a half hour commute in order to make more money.
What do u mean by trade off?
A trade-off (or tradeoff) is a situational decision that involves diminishing or losing one quality, quantity or property of a set or design in return for gains in other aspects. In simple terms, a tradeoff is where one thing increases and another must decrease.
What are benefit trade offs?
Risk-benefit trade-off refers to the balance of negative and positive effects on achieving a goal, such as health. For medical decisions, a risk-benefit trade-off usually refers to the perception of the anticipated balance of improvements and deteriorations in health from a given choice.
What is a trade off in evolution?
Well, a trade-off is when a choice must be made between multiple things that are either incompatible or an increase in one thing might lead to a decrease in another. …
What is a trade off give at least one example?
A trade-off is an exchange in which one benefit is given up in order to obtain another. Example: a material may be used to build a house because it is attractive to customers even though it is not as durable.
What’s another word for trade off?
balance, set-off, disadvantage, contradiction, arbitrage, equilibrium, Equilibria, arbitrate, refereeing, ‘arbitrage, quandary, accommodation, trade, counterparty, agreement, setoff, trading, give-and-take, equalisation, conundrum, counterbalance, bargain, drawback, swap, adjudicative.
What are three examples of important trade offs that you face in your life?
Give three examples of important trade-offs that you face in your…
- Trade-off between studying one subject over studying another subject.
- Spending 15 dollars to buy a pizza or to buy a study guide.
- Buying a car leads to a trade-off between the cost of the car and the cost of other things one might want to buy.
Why are trade offs unavoidable?
Reduce prices and create jobs. This is the ideal economic outcome expected from all businesses today, not only in the long run, but also in the short term. Generally, lower prices allow more consumers to consume goods or services.
How do you use trade offs?
Trade-off sentence examples
- Jack had to make a trade-off between getting a good night’s sleep and staying up late to finish his research project. …
- Do you understand the inevitable trade-off between growth and equity? …
- Exercising and following a strict diet instead of eating junk food was a trade-off she was willing to make to get healthy.
What are cost trade offs?
Situation where the relationship between costs causes other cost(s) to rise when one cost is lowered.
Is trade off and opportunity cost the same?
Each choice made means another alternative has been forgone. A trade-off is isolating what that forgone alternative is, and opportunity cost involves calculating the cost of the trade-off. Trade-off and opportunity cost are therefore linked, with the former helping to calculate the latter.23 мая 2019 г.
How do financial decisions involve risk/return trade off?
Definition: Higher risk is associated with greater probability of higher return and lower risk with a greater probability of smaller return. This trade off which an investor faces between risk and return while considering investment decisions is called the risk return trade off.
What is cost trade offs in logistics?
Trade-offs are compensatory exchanges between the increase of some logistics costs and the reduction of other logistics costs and/or an increase in the level of customer service.
What is trade off in operations management?
Trade-offs. A trade-off exists when an organisation cannot perform simultaneously on two performance dimensions: in order to increase performance on one performance dimension it has to decrease performance on the other dimension.