Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What is the difference between Cost Control and Cost Reduction. Which one is permanent and which one is temporary?

Costing
user-image
Question added by Panuganty AnilKumar , Chief Financial Officer
Date Posted: 2015/03/11
Upvote (0) Views (0) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Shri Bhagwan Sharma
by Shri Bhagwan Sharma , Asst. Accounts Manager , PROMETAL METAL IND. FACTORY LLC

Cost control is regulating or controlling operating cost/ expenditure whereas cost reduction is a process of  identifying and eliminating unnecessary cost to improve profitability.  

Write Your Answer
More Questions Like This