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cost reduction
B2

the process of lowering the expenses associated with running a business or producing goods.

Meanings

the process of lowering the expenses associated with running a business or producing goods.

The company implemented a cost reduction strategy to improve its profit margins.

Synonyms

cost cuttingexpense reductionbudget trimming

Antonyms

cost increaseexpense growth

a decrease in the amount of money required to purchase a product or service.

The cost reduction on the new model made it more affordable for consumers.

Synonyms

price dropdiscountmarkdown

Antonyms

price hikemarkup

Examples

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Last updated: 2025/01/11 11:58