Expense control is an important business concept that focuses on efficient management of expenses in order to maximize profits. It involves maintaining a system of tracking, monitoring and reducing expenses to increase the bottom line. By creating a well-defined plan for controlling expenditures, businesses can substantially improve their financial performance. Additionally, an effective expense control strategy includes setting budget limits and using metrics to measure progress toward those targets. With consistent monitoring and cost analysis, companies can significantly reduce their expenses and ensure optimal financial health.