coststudy
nounUK /ˈkɒstˌstʌdi/
US /ˈkɔːstˌstʌdi/
A cost study is when people carefully check how much money something will need.
The school did a cost study before buying new computers.
OTHER MEANINGS
2. A careful look at what a project will cost before starting it.
They ran a cost study to see if the new playground was affordable.
3. A report that compares prices for the same item from different sellers.
Her cost study showed the local shop was cheaper than the big store.
4. A school assignment where students figure out the total price of a plan.
For homework, we did a cost study for a class picnic.