What does cost cutting mean?

Definitions for cost cutting
cost cut·ting

This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost cutting.

Princeton's WordNet

  1. cost cuttingnoun

    the act of cutting costs

Wiktionary

  1. cost cuttingnoun

    The act of reducing one's spending.

Wikipedia

  1. cost cutting

    Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or products, the strategies can vary. Every decision in the product development process affects cost: design is typically considered to account for 70–80% of the final cost of a project such as an engineering project or the construction of a building.Companies typically launch a new product without focusing too much on cost. Cost becomes more important when competition increases and price becomes a differentiator in the market. The importance of cost reduction in relation to other strategic business goals is often debated.

ChatGPT

  1. cost cutting

    Cost cutting refers to measures implemented by a business or company to reduce its expenses and improve its profitability. This can involve reducing overhead, improving efficiency, streamlining operations, outsourcing tasks, layoffs, or adopting new technologies. It is typically used as a strategy to manage financial resources during economic downturns or business downturns to maintain fiscal health.

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Numerology

  1. Chaldean Numerology

    The numerical value of cost cutting in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of cost cutting in Pythagorean Numerology is: 7

Examples of cost cutting in a Sentence

  1. Sian Jones:

    Cost cutting efforts were also reflected in a sharp drop in input buying.

  2. Charles East:

    I really don't think they can push prices up because their sales are already weak, the margins are under pressure. Perhaps they can accelerate cost-cutting.

  3. Steve Jobs:

    The cure for Apple is not cost-cutting. The cure for Apple is to innovate its way out of its current predicament.

  4. Kepler Cheuvreux analyst Dirk Becker:

    A bit of cost cutting, a bit of downsizing of investment banking, a bit of reorganization and, in order to pay for it, raise capital -- that would be very disappointing unless he pulls a rabbit out of the hat.

  5. Brian Youngberg:

    I think in general the industry is putting a sharper pencil to cost cutting, i think they are realizing the days of $ 100 a barrel( oil) are over.


Translations for cost cutting

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"cost cutting." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/cost+cutting>.

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