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love786
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COST CONTROL AND COST REDUCTION....:SugarwareZ-208::SugarwareZ-208::SugarwareZ-208::SugarwareZ-208::SugarwareZ-208:
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Business-education
Business Education
Hello guys, Welcome to managementparadise.com
This is very tricky and will bring the hell out of you. just find out the way to understand it, don't worry here i am to help you out in this bewilder situation.Cost control and cost reduction both seems like same but, they have immense difference.
Definition of COST CONTROL
The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable.
Definition of 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.
:SugarwareZ-152:
This is very tricky and will bring the hell out of you. just find out the way to understand it, don't worry here i am to help you out in this bewilder situation.Cost control and cost reduction both seems like same but, they have immense difference.
Definition of COST CONTROL
The practice of managing and/or reducing business expenses. Cost controls starts by the businesses identifying what their costs are and evaluate whether those costs are reasonable and affordable.
Definition of 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.
:SugarwareZ-152:
jitenmazee
Banned
COST CONTROL AND COST REDUCTION....:SugarwareZ-208::SugarwareZ-208::SugarwareZ-208::SugarwareZ-208::SugarwareZ-208:
Dear love786, Cost control and cost reduction are the two most considered things in finance. Cost control is used to maintain the cost within the acceptable level and cost reduction is the permanent reduction in the basic or unit cost of product or services. I am uploading a document which may give you better information.