cost reduction
"Cost reduction" refers to the process of minimizing expenses and expenditures in a deliberate and strategic manner, with the aim of improving financial efficiency and maximizing profitability or savings.
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Related Concepts (2)
Similar Concepts
- alliances for cost reduction
- cost control
- cost control and reduction
- cost efficiency
- cost leadership
- cost management
- cost reduction in supply chains
- cost reduction strategies
- cost savings
- cost-cutting measures
- cost-saving strategies
- debt reduction
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