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Reference for business,Encyclopedia of Business.2nd ed,Cos Des
Cost control
Roger J. Binder
Abstract
Cost control, also known as cost management or cost containment, is a broad set of cost accounting methods and management techniques with the common goal of improving business cost-efficiency by reducing costs, or at least restricting their rate of growth. Businesses use cost control methods to monitor, evaluate, and ultimately enhance the efficiency of specific areas, such as departments, divisions, or product lines, within their operations.
Control of the business entity, then, is essentia
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