Meaning of the word "cost control" in English
What does "cost control" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
cost control
US /kɔst kənˈtroʊl/
UK /kɔst kənˈtroʊl/
Noun
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.
Example:
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Effective cost control is crucial for the long-term success of any business.
•
The company implemented new strategies for better cost control.
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