tradeoff definition

tradeoff

Technique of reducing or forgoing one or more desirable outcomes in exchange for increasing or obtaining other desirable outcomes to maximize the total return or effectiveness (such as cost v. performance) under given circumstances. See also tradeoffs.

tradeoff is in the Decision Making, Problem Solving, & Strategy subject.

tradeoff appears in the definitions of the following terms: implicit cost, tradeoffs, strategic tradeoff and best value

tradeoff appears in these other terms: risk/reward tradeoff, tradeoff curve, risk/return tradeoff, tradeoff analysis, cost tradeoff

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