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Control Cost

oboloo Glossary

Control Cost

Control cost is an important part of business management and is defined as the process of managing and reducing costs in order to increase profits. This involves analyzing the costs associated with a business and finding ways to reduce them. This could include reducing overhead costs, negotiating better prices with suppliers, and increasing efficiency. Control cost also involves monitoring the costs of a business over time to ensure that they remain within budget. It is important to note that control cost is not just about reducing costs, but also about increasing profits. By managing costs effectively, businesses can increase their profits and remain competitive in the market. Control cost is an essential part of any business and should be managed carefully to ensure the success of the business.

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