Question

Define Cost control. "Cost Reduction is attainable in almost all areas of Business Activities" Discuss.

Answer 1

Cost control is the practice of identifying and reducing business expenses to increase profits, and it starts with the budgeting process. A business owner compares actual results with the budgeted expectations and if actual costs are higher than planned, management takes action

Answer 2

Explanation:

cost control is a practices cost reduction is not available in almost all areas of business activities