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Home > QFINANCE Dictionary > Definition of cost reduction

Definition of

cost reduction

Operations & Production

cutting costs to increase profits the process of identifying and eliminating unnecessary costs to improve the profitability of a business

Recommended Further Reading (Term count)
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Definitions of ’cost reduction’ and meaning of ’cost reduction’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’cost reduction’ and other financial terms with our online QFINANCE Financial Dictionary.

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