what is cost reduction
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- Definition. The process of looking for, finding and removing unwarranted expenses from a business to increase profits without having a negative impact on product quality. Many business managers will engage in periodic cost reduction drives in order to make their company's operation more efficient and to boost profits.earby Terms. 1  cost proposal. 2  cost push facto... 3  cost push infla... 4  cost ratio. 5  cost realism. 6  cost realism an... 7  cost records. 8  cost recovery. 9  cost reduction. 10  cost reimbursem... 11  cost reimbursem... 12  cost risk. 13  cost saving. 14  cost sensitivit... 15  cost sharing. 16  cost sharing ag... 17  cost sharing co...
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- DEFINITION of 'Cost Center'. A department within an organization that does not directly add to profit, but which still costs an organization money to operate. Cost centers only contribute to a company's profitability indirectly, unlike a profit center which contributes to profitability directly through its actions.This type of department is likely to be one of the first targets for downsizing because, on the surface, it has a negative impact on profits.ost centers and profit centers are typically treated differently within an organization. Because a cost center doesn't produce a profit directly from its activities, managers of cost centers are responsible for keeping their costs in line or below budget.
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- Harm reduction is a technique used to treat drug addiction that focuses on preventing harm to addicts before preventing use of drugs or alcohol.
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What is a 'Cost Center' Cost Center. What is a 'Cost Center'. A cost center is a department within an organization that does not directly add to profit but still costs the organization money to operate. Cost centers only contribute to a company's profitability indirectly, unlike a profit center, which contributes to profitability directly through its actions.
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- What Is It? Source Reduction is the first tier of the solid waste management hierarchy. The term source reduction is used to describe those activities that decrease the amount (weight or volume) or toxicity of waste entering the solid waste stream. Simply stated, source reduction means cutting disposal by going right to the source: deciding not to make or buy something.
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reduction 1. the act or process of reducing, or the state of being reduced. 2. the amount by which something is reduced. 3. a form produced by reducing; a copy on a smaller scale. 4. Biol. meiosis, esp. the first meiotic cell division in which the chromosome number is reduced by half.
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- DEFINITION of 'Cost Center'. A department within an organization that does not directly add to profit, but which still costs an organization money to operate. Cost centers only contribute to a company's profitability indirectly, unlike a profit center which contributes to profitability directly through its actions.This type of department is likely to be one of the first targets for downsizing because, on the surface, it has a negative impact on profits.ost centers only contribute to a company's profitability indirectly, unlike a profit center which contributes to profitability directly through its actions.
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- reductions in O&M costs. These energy-related cost savings, which can also include savings on repair and replacement (R&R) costs, can constitute a substantial portion of a project’s savings, yet O&M and R&R cost savings are often not as diligently verified or reviewed as energy savings.
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- A cost centre is a part of an organization that does not produce direct profit and adds to the cost of running a company.Examples include research and development, marketing, help desks, and customer service and contact centres.usiness metrics are sometimes employed to quantify the benefits of a cost centre and relate costs and benefits to those of the organization as a whole.
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- Source Reduction (Waste Reduction) Source Reduction is the first tier of the solid waste management hierarchy. The term source reduction is used to describe those activities that decrease the amount (weight or volume) or toxicity of waste entering the solid waste stream.
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Reduced-Risk Management Strategy for White Mold A pesticide risk reduction strategy is a detailed plan that aims to address grower needs for reduced-risk management tools and practices for specific pest issues. The strategies are developed through extensive consultation with stakeholders.
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reduction 1. the act or process or an instance of reducing. 2. the state or condition of being reduced. 3. the amount by which something is reduced. 4. a form of an original resulting from a reducing process, such as a copy on a smaller scale. 5. a simplified form, such as an orchestral score arranged for piano.
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Absolute risk reduction In general, absolute risk reduction is the difference between one treatment comparison group's event rate (EER) and another comparison group’s event rate (CER). The difference is usually calculated with respect to two treatments A and B, with A typically a drug and B a placebo.
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- Cost management is the process of planning and controlling the budget of a business. Cost management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget.
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- From Wikipedia, the free encyclopedia. A cost centre is a part of an organization that does not produce direct profit and adds to the cost of running a company. Examples include research and development, marketing, help desks, and customer service and contact centres.usiness metrics are sometimes employed to quantify the benefits of a cost centre and relate costs and benefits to those of the organization as a whole.
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The cost reduction imperative The cost reduction imperative. No matter how healthcare reform shakes out in the short term, reimbursement reductions and shifts in demand are likely to lead to 15 to 25 percent declines in hospital revenue yields in the next decade, according to Booz & Company modeling.
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- passive aggressive behavior explained what is passive aggressive behavior a learned behavior that keeps a person from expressing anger in a healthy manner the passive aggressive person is an angry spiteful person who outwardly appears friendly kind and caring if you are involved with a passive aggressive you will find yourself frustrated like you ve done something wrong that keeps the passive aggressive from being able to relate to you emotionally
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- DEFINITION of 'Cost Center'. A department within an organization that does not directly add to profit, but which still costs an organization money to operate. Cost centers only contribute to a company's profitability indirectly, unlike a profit center which contributes to profitability directly through its actions.
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Avoidable cost For example, if you choose to close a production line, then the cost of the building in which it is housed is now an avoidable cost, because you can sell the building. The avoidable cost concept is crucial when engaging in cost reduction activities. Over the long term, all costs are avoidable.
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What is harm reduction? Targeted at risks and harms. Harm reduction is a targeted approach that focuses on specific risks and harms. Politicians, policymakers, communities, researchers, frontline workers and people who use drugs should ascertain:
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reducer reducer-a substance capable of bringing about the reduction of another substance as it itself is oxidized; used in photography to lessen the density of a negative or print by oxidizing some of the loose silver. reducing agent, reductant.
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Food Packaging -- Roles, Materials, and Environmental Issues Source reduction (that is, waste prevention) is reducing the amount and/or toxicity of the waste ultimately generated by changing the design, manufacture, purchase, or use of the original materials and products.
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6. Honoring Student Experience Desks are arranged in a U shape. The teacher’s desk is in the front center of the room. On the wall is a poster of U.S. presidents, a copy of the Declaration of Independence and inspiring quotes from Winston Churchill, Robert F. Kennedy and Albert Einstein. Students are working quietly on an independent assignment.
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Reduction (orthopedic surgery) Reduction is a surgical procedure to restore a fracture or dislocation to the correct alignment. This sense of the term reduction does not imply any sort of removal or quantitative decrease but rather implies a restoration: re (back [to normal]) + ducere (lead/bring), i.e. , bringing back to normal..When a bone fractures, the fragments lose their alignment in the form of displacement or angulation.his sense of the term reduction does not imply any sort of removal or quantitative decrease but rather implies a restoration: re (back [to normal]) + ducere (lead/bring), i.e. , bringing back to normal..
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Essential Facts About Health Reform Alternatives: Eliminating Cost-Sharing Reductions The ACA’s cost-sharing reductions (CSRs) mean lower copayments and deductibles for people in households earning between 100 percent and 250 percent of the federal poverty level (about $12,000 to $30,000 for an individual, and about $24,000 to $60,750 for a family of four). 1 The federal government reimburses insurers for providing the subsidies, which in 2016 totaled $7 billion. 2
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Cost control Cost control definition and usage. Cost control is a series of steps that a business uses to maintain proper control over its costs. Implementing this level of control can have a profound positive impact on profits over the long term.