Reduce Cost or Raise Revenue to Increase Net Profit?
In low-margin businesses, even a modest reduction in costs can make a difference, having the same effect as a significant incre...
January 10, 2018
Cost Reduction: An Objective to Rationalise Company Resources
Choosing to reduce company costs is like tackling the problem of water resources by deciding to keep the water that has alread...
September 29, 2017
Cost Containment as recurring managerial practice
Cost containment is a kind of approach to managing a business' financial results that has yet to be fully understood in all its...