cost-cutting measures
Cost-cutting measures refer to strategies or actions implemented by companies to reduce expenses and improve efficiency in order to increase profitability. These measures can include reducing overhead costs, optimizing operations, renegotiating vendor contracts, and eliminating unnecessary expenditures. By implementing cost-cutting measures, companies can enhance their financial performance and competitiveness in the market.
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Related Concepts (1)
Similar Concepts
- austerity measures
- budget cuts
- cost control
- cost control and cost management
- cost control and reduction
- cost reduction
- cost reduction strategies
- cost savings
- cost-saving strategies
- efficiency measures
- expenditure reduction
- fiscal consolidation measures
- government spending cuts
- mitigation measures
- public spending cuts