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English definition of “cost control”

cost control

noun [C or U]
 
 
(also cost containment)
ACCOUNTING the process of controlling how much a company or organization spends so that costs are not greater than an agreed budget, or a particular method that is used to do this: cost control measures/strategies There are ways to encourage cost controls while still maintaining quality of service.
(Definition of cost control from the Cambridge Business English Dictionary © Cambridge University Press)
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