Meaning of “cost control” in the English Dictionary


"cost control" in Business English

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cost controlnoun [ C or U ]

uk us 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:

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)