costs

A clip art of cost-cutting technique implemented.

How Can You Implement Cost-Cutting as A Finance Professional?

Cost-cutting refers to actions taken by a business to lower its costs and increase profitability. Cost-cutting strategies are often employed when a firm is experiencing financial difficulty or when the economy is weak. However, they can also be implemented if a company’s management anticipates future problems with profitability, in which case cost-cutting can then be …

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