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Explain cost reduction process Related: Meaning, Scope & Objectives -...
Cost Reduction
Definition: Cost Reduction can be understood as the perennial decrease in the unit cost of goods produced and services provided by the company, without compromising with its quality and suitability for the use intended, with the help of new and improved methods.

Assumptions of Cost Reduction
Savings in per unit cost
Savings is long lasting in nature.
Quality and utility of the products and services remain uninfluenced.
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Explain cost reduction process Related: Meaning, Scope & Objectives - Introduction to Cost Accounting, Cost Accounting?
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Explain cost reduction process Related: Meaning, Scope & Objectives - Introduction to Cost Accounting, Cost Accounting? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Explain cost reduction process Related: Meaning, Scope & Objectives - Introduction to Cost Accounting, Cost Accounting? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Explain cost reduction process Related: Meaning, Scope & Objectives - Introduction to Cost Accounting, Cost Accounting?.
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