cost control
US /kɔst kənˈtroʊl/
UK /kɔst kənˈtroʊl/
1.
the practice of identifying and reducing business expenses to increase profits, and it involves comparing actual costs with budgeted costs and taking corrective action.
:
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Effective cost control is crucial for the long-term success of any business.
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The company implemented new strategies for better cost control.