0
A cost reduction strategy focuses on reducing an organizationâ??s cost and increasing their profits. This strategy can vary from one organization to another depending on where they can reduce cost.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
What are the cost reduction measures taken by manufacturing firms?
about cost reduction
How is the management impacted by the reduction in cost of hardware with time?
how the management is impacted by the reduction in cost of hardware with time
How do you balance cost reduction and quality maintenance while outsourcing?
how you would balance cost reduction and quality maintenance while outsourcing
Cost reduction initiatives in relation to services rendered?
National Cost
What is the difference between cost minimization and cost reduction?
bogo ka!
What are the Objectives of Cost Control and Reduction?
Cost control and reduction is the way that business managers monitor, analyze and cut expenses. The objective is to lessen expenditures.
What does TPR stand for at cost?
Total Price Reduction
What is the use of cost reduction at retail stores?
The use of cost reduction at retail stores is a tactic that is used in order to attract customers. Lowering the cost of an item brings customers in that will purchase other items.
How can I write a letter of cost reduction to suppliers?
You can easily write a letter of cost reduction to suppliers by addressing the proper authority and explaining the reasons for needing lower costs in production.
Need for costing?
1) for cost control 2) comparison of cost with other firms 3) for cost reduction
What are the Differences between cost control and cost reduction?
Cost Control - a method whereby costs are managed and monitored to ensure they do not grow beyond the projected amount.Cost Reduction - a method whereby costs are reduced from the projected amount
Discuss how cost behavior analysis is important to management of an organization?
what techniques can be used for cost reduction.
