What does cost reduction mean?
Definitions for cost reduction
cost re·duc·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word cost reduction.
Wikipedia
Cost reduction
Cost reduction is the process used by companies to reduce their costs and increase their profits. Depending on a company’s services or product, the strategies can vary. Every decision in the product development process affects cost. 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.
Numerology
Chaldean Numerology
The numerical value of cost reduction in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of cost reduction in Pythagorean Numerology is: 4
Examples of cost reduction in a Sentence
Cost reduction on power units will be driven by changes to the sporting and technical regulations in 2017 and 2018, with a progressive reduction of the number of power unit elements per driver per season.
We have seen some opportunities to do some longer-term structural cost reduction.
If a bank can offload some meaningful percentage of contact center calls onto Facebook Messenger, then there's a potential cost reduction opportunity, and that's what Facebook [ is ] trying to angle for.
Aquis Chief Executive Alasdair Haynes:
There is no doubt there is a correlation with banks trying to save money and the interest in our product where there's a serious cost reduction for the banks.
Woodside Chief Executive Peter Coleman:
Unfortunately, with pricing falling away from us, that cost reduction doesn't get us to a breakeven price that's low enough for us to feel comfortable making an investment at this point in time, it's very disappointing in the scheme of things as this is a key part of our growth story.
Translation
Find a translation for the cost reduction 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 reduction." Definitions.net. STANDS4 LLC, 2024. Web. 16 Oct. 2024. <https://www.definitions.net/definition/cost+reduction>.
Discuss these cost reduction 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