cost cutting
cost
ˈkɔst
kawst
cu
ka
tting
tɪng
ting
British pronunciation
/kˈɒst kˈʌtɪŋ/
cost-cutting

Definition & Meaning of "cost cutting"in English

Cost cutting
01

the practice of reducing expenses or overhead in order to increase profitability or save money

example
Examples
The manufacturing plant automated certain processes to achieve cost cutting in labor expenses.
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