What is the meaning of COST REDUCTION?

COST REDUCTION is actions taken in the present designed to decrease costs in the present. See: COST AVOIDANCE.

Barry Goldsmith
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APABarry Goldsmith. (2010). cost reduction. Retrieved September 20, 2026, from http://smartdefine.org/cost_reduction/definitions/1150933
ChicagoBarry Goldsmith. 2010. "cost reduction" http://smartdefine.org/cost_reduction/definitions/1150933 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, cost reduction, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/cost_reduction/definitions/1150933>.
MLABarry Goldsmith. "cost reduction" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/cost_reduction/definitions/1150933>