Final answer:
A Cost-Benefit Analysis (CBA) is a document that evaluates the cost-effectiveness of a product by comparing its production and implementation costs to the derived benefits or value. It includes productivity, labor costs, and profits to help stakeholders make informed decisions.
Step-by-step explanation:
A document that demonstrates the cost-effectiveness of the target product is typically known as a Cost-Benefit Analysis (CBA) or a Cost-Effectiveness Analysis (CEA). This document will usually outline the costs of producing or implementing a product and juxtapose these against the benefits or value derived from its use. It can take many forms, from simple charts to comprehensive reports, and includes a range of data, including productivity, labor costs, and profits. It ultimately helps stakeholders make informed decisions about whether the financial investment into a product or project will yield satisfactory returns.
Evaluation tools such as the Cost-Benefit Analysis are pivotal in business decisions, especially when determining whether to launch a new product, implement a policy, or invest in new technology. These analysis documents rely on quantifiable financial metrics as well as qualitative factors to assess the overall value brought by a product compared to its costs.