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What is the primary focus of cost control?
What is the primary focus of cost control?
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Practice Questions
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Q1
What is the primary focus of cost control?
Maximizing revenue
Minimizing costs
Increasing market share
Enhancing product quality
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Cost control primarily focuses on minimizing costs while maintaining the quality of products and services.
Questions & Step-by-step Solutions
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Q
Q: What is the primary focus of cost control?
Solution:
Cost control primarily focuses on minimizing costs while maintaining the quality of products and services.
Steps: 4
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Step 1: Understand that cost control is about managing expenses.
Step 2: Recognize that the goal is to reduce costs.
Step 3: Ensure that while reducing costs, the quality of products and services is not compromised.
Step 4: Focus on finding ways to save money without affecting what customers receive.
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