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cost cutting
/kˈɔst kˈʌɾɪŋ/
/kˈɒst kˈʌtɪŋ/
cost-cuttingCost cutting
01
the practice of reducing expenses or overhead in order to increase profitability or save money
Examples
The manufacturing plant automated certain processes to achieve cost cutting in labor expenses.
The office implemented energy-saving initiatives to achieve cost cutting in utility bills.
