Business Studies, asked by ditaumph, 5 months ago

what is cost minimizing and it importance

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Answered by samrarahaf11

0

Answer:

Cost minimisation is a financial strategy that aims to achieve the most cost-effective way of delivering goods and services to the require level of quality. It is important to remember that cost minimisation is not about reducing quality or short-changing customers – it always remains important to meet customer needs.

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