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Definitions from the Web

Cost Reduction

Description: Cost reduction refers to the process of decreasing expenses or expenditure in various aspects of a business or organization. It involves finding ways to cut costs without compromising the quality or efficiency of the products or services provided.

Examples:

1. Noun (Singular):
• The cost reduction implemented by the company led to significant savings in the overall budget.
2. Noun (Plural):
• The cost reductions proposed in the new budget plan could greatly benefit the company's financial stability.
3. Adjective:
• The cost-reduction measures taken by the management team helped improve the company's profitability.
4. Verb (Base Form):
• The company aims to cost-reduce its operations through implementing more efficient processes.
5. Verb (Infinitive):
• The management decided to cost-reduce production expenses in order to increase profits.
6. Verb (Past Tense):
• The cost-reduced budget helped the company survive during the economic crisis.

Possible related products:

• Cost Reduction Strategies
• Cost Cutting Techniques
• Expense Management