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
We have seen some opportunities to do some longer-term structural cost reduction.
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 are not without our weapons. It's doable, and it depends on the vigor in which we pursue the cost reduction.
Today, we are announcing an increase to our 2018 cost reduction target from 3.5 billion Swiss francs gross savings to at least 4.3 billion francs, driving our absolute operating cost base below 18 billion francs by 2018. For 2016, we aim to achieve 1.7 billion francs in cost savings.
Chief Executive Jean-Georges Malcor:
Our clients remain very careful, so we're focused on cost reduction and understanding what our clients want in terms of capital spending cuts.
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"cost reduction." Definitions.net. STANDS4 LLC, 2023. Web. 22 Sep. 2023. <https://www.definitions.net/definition/cost+reduction>.
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