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  2. Cost reduction - Wikipedia

    en.wikipedia.org/wiki/Cost_reduction

    Cost reduction is the process used by organisations aiming to reduce their costs and increase their profits, or to accommodate reduced income.Depending on a company’s services or products, the strategies can vary.

  3. Cost accounting - Wikipedia

    en.wikipedia.org/wiki/Cost_accounting

    Cost accounting has long been used to help managers understand the costs of running a business. Modern cost accounting originated during the Industrial Revolution when the complexities of running large scale businesses led to the development of systems for recording and tracking costs to help business owners and managers make decisions. Various ...

  4. Cost breakdown analysis - Wikipedia

    en.wikipedia.org/wiki/Cost_breakdown_analysis

    Labor costs are direct costs, that is, they can be identified among the total cost and assigned to a certain cost objective. [1] Labor costs are defined by categories (e.g. service labor or manufacturing labor), the attribution of a labor rate for each category, and a certain number of labor hours. [1]

  5. The full list of auto companies cutting jobs, including GM ...

    www.aol.com/news/full-list-auto-companies...

    GM cited cost cutting and changing market conditions in both instances. The majority of the 1,000 jobs cut in November were white-collar, but the United Auto Workers union reported that about 50 ...

  6. Sunk cost - Wikipedia

    en.wikipedia.org/wiki/Sunk_cost

    A common example of a sunk cost for a business is the promotion of a brand name. This type of marketing incurs costs that cannot normally be recovered [citation needed]. It is not typically possible to later "demote" one's brand names in exchange for cash [citation needed]. A second example is research and development (R&D) costs.

  7. Value engineering - Wikipedia

    en.wikipedia.org/wiki/Value_engineering

    Value engineering can lead to the substitution of lower-cost materials, as with the exterior cladding that accelerated the Grenfell Tower fire in London. [1] [2]Value engineering (VE) is a systematic analysis of the functions of various components and materials to lower the cost of goods, products and services with a tolerable loss of performance or functionality.

  8. The Impact of Trump's Cost-Cutting Initiative Hinges on What ...

    www.aol.com/news/impact-trumps-cost-cutting...

    Third (and relatedly), preventing fraud costs money: The Congressional Budget Office, for example, assumes that each dollar spent on measures to prevent health care fraud generates $1.50 in savings.

  9. Fixed cost - Wikipedia

    en.wikipedia.org/wiki/Fixed_cost

    In business planning and management accounting, usage of the terms fixed costs, variable costs and others will often differ from usage in economics, and may depend on the context. Some cost accounting practices such as activity-based costing will allocate fixed costs to business activities for profitability measures. This can simplify decision ...