meaning of "Cost effective"

[ashish kakadia]

Test No. incompl/advan-76 "Internet Business", question 2

It's no good spending a small fortune on new IT equipment as it's more cost ......... to hire it.

(a) affective
(b) addictive
(c) effective
(d) reductive

Test No. incompl/advan-76 "Internet Business", answer 2

It's no good spending a small fortune on new IT equipment as it's more cost effective to hire it.

Correct answer: (c) effective

Your answer was: incorrect
It's no good spending a small fortune on new IT equipment as it's more cost addictive to hire it.
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please give me explanation of ans of this question

ashish kakadia

[Torsten]

If something is cost effective it doesn't cost much money, it's reasonably priced or even cheap.
So, it is cheaper to hire or lease IT-equipment (computers, routers, mobile phones etc.) than to purchase it.

TOEIC short conversations: A mother is calling to explain son's absense because of sickness

[Guest]

Hi, What is the difference between affective and effective? Thank you!