affordability

  

Definition

Conclusion drawn from the analysis of the 'life cycle cost' of a proposed acquisition, that the purchase is in accord with the resources and long term requirements of the acquirer.

Use affordability in a sentence

  • You need to make sure that your product has affordability so that people can see that there is strong value in it.

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  • I have thought long and had about buying a new house, but the timing of the purchase depends on the affordability of the house.

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  • The affordability of the new computers made the decision easy with regards to upgrading the entire company's computer hardware for optimal employee production.

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