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
cost cuttingnoun
the act of cutting costs
Wiktionary
cost cuttingnoun
The act of reducing one's spending.
Wikipedia
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
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.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of cost cutting in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of cost cutting in Pythagorean Numerology is: 7
Examples of cost cutting in a Sentence
Cost cutting efforts were also reflected in a sharp drop in input buying.
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.
The cure for Apple is not cost-cutting. The cure for Apple is to innovate its way out of its current predicament.
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.
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
From our Multilingual Translation Dictionary
Get even more translations for cost cutting »
Translation
Find a translation for the cost cutting definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"cost cutting." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/cost+cutting>.
Discuss these cost cutting definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In