Definitions from the Web
Cost Cutting
Definition:
Cost cutting refers to the practice of reducing expenses or expenses in order to achieve greater financial efficiency. It is a deliberate effort to decrease costs without compromising the quality or productivity of a product or service.
Senses and Usages:
- Noun - Strategy: Cost cutting as a noun refers to the strategy or action of reducing costs in a business or organization. It involves identifying areas where expenses can be minimized while maintaining effectiveness.
- Noun - Result: Cost cutting as a noun also represents the outcome or result of implementing cost-saving measures. It signifies the reduction in overall expenses and improved financial performance.
- Adjective - Related to Cost Cutting: Cost cutting can be used as an adjective to describe activities, measures, or initiatives that focus on reducing expenses. It characterizes the action as being cost-effective or budget-conscious.
Sample Sentences:
- The company implemented cost cutting measures to improve its profit margins.
- Cost cutting is essential for small businesses to maintain a competitive edge in the market.
- The cost-cutting strategy resulted in substantial savings for the organization.
- Management initiated a cost-cutting campaign to streamline operations and reduce unnecessary expenditures.
- The cost-cutting initiatives enabled the company to invest more in research and development.
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