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.
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
In the supposed standoff between OPEC and U.S. light tight oil (LTO), LTO appears to have blinked. Following months of cost cutting and a 60 percent plunge in the U.S. rig count, the relentless rise in U.S. supply seems to be finally abating.
Managing Director at AlixPartners:
One of the most dramatic developments is that demand is stagnant or falling, while investments are at an all time high. To counter margin deterioration we see comprehensive cost cutting measures across the board.
As market activity improves, some of the cost-cutting questions at Morgan will probably go away, but as of now, it's the only lever that banks can really pull in this type of environment.
Companies are cost-cutting and they are managing their way through this, but we haven't seen robust top-line growth.
The company continues to deliver on cost cutting.
Translations for cost cutting
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"cost cutting." Definitions.net. STANDS4 LLC, 2024. Web. 1 May 2024. <https://www.definitions.net/definition/cost+cutting>.
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