![]() Cost control can occur at the project level or company wide. What is cost control?Ĭost control involves identifying and reducing expenses to increase company profits. In this article, we’ll explain what cost control is and how cost control fits into the cost management system. The basic principles of cost control are similar for corporate and personal budgets. ![]() Successfully doing all these things is what controls the budget and increases profits. Just like personal budgeting, you can do a variety of things, like categorize spending, determine areas where your team spends the most money, and find ways to limit spending in each area. When monitoring your company’s finances, how can you stay within budget? ![]() In this piece, we’ll explain what cost control is and how cost control fits into the cost management system.Ĭost control is an essential part of any financial strategy. Send us feedback about these examples.Cost control involves identifying expenses and finding ways to reduce them to increase company profits. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'cost.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. David Leonhardt, New York Times, 17 Oct. 2023 Last year, Social Security cost six times as much money as federal R.&D., and spending on the military and veterans was five times as large as R.&D. 2023 The film, which has grossed $123 million globally, cost around $15 million to produce and required a smaller marketing spend than the average blockbuster. Tom Krasovic, San Diego Union-Tribune, 18 Oct. 2023 At any rate, the second errant throw - which cost the Chargers either a touchdown or field-goal position - was a shocker. 2023 Scott estimates that the ensuing trade deficit cost the United States nearly four million jobs, most of them in manufacturing, which tended to be more heavily unionized than other industries. ![]() 2023 The tunnels cost Hamas about $3 million each, according to the Israeli military. 2023 Thousands are out of work, productions have been put on hold and numerous industries have been affected, costing the California economy over $5 billion. 2023 According to the latest annual figures from the National Center for Health Statistics, cancer cost the lives of over 600,000 Americans in 2021. Verb Potty trainer costs The cost of services ranges based on where the potty trainer and family reside and what the fair market value is in that region, with phone consultations being the more affordable option. 2023 Betty Bowman's family set up a GoFundMe page to take donations to help with, among other things, legal costs. 2023 Industrial & Commercial Bank of China posted flat net profit in the third quarter, as lower credit costs helped offset weaker earnings from the bank’s lending and other regular operations. 2023 Gonzales said she's tried to avoid seeking medical treatment because of the costs. 2023 Diminished demand has lowered the profit margin derived from the difference in the cost of crude oil and the sale price of gasoline at the pump. Christopher Cameron, Robb Report, 28 Oct. 2023 That’s the cost of entry for unburdening yourself via the, an adventure as experimental as its name is inscrutable. Jeanne Whalen, Washington Post, 28 Oct. 2023 Ford Chief Financial Officer John Lawler said Thursday the deal will raise Ford’s labor costs by $850 to $900 per vehicle produced. Compiled By Democrat-Gazette Staff From Wire Reports, Arkansas Online, 29 Oct. 2023 Ford on Thursday said the agreement is expected to add about $850 to $900 per vehicle to its labor costs. Michael Smolens, San Diego Union-Tribune, 29 Oct. Noun Part of the higher cost results from breakdowns at the international plant, largely due to a lack of maintenance.
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