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Cost Control and Cost Reduction

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Cost Control and Cost Reduction
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ASSIGNMENT ON COST CONTROL AND COST REDUCTION
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------------------------------------------------- SUBMITTED BY: KASTHURI VIJAYAN
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REGISTER NUMBER : 1612
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DATE OF SUBMISSION: 16-08-2012
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SUBMITTED TO : ANU MAM

------------------------------------------------- INTRODUCTION
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At first glance both cost control and cost reductions looks as if they refer to same thing, however there are many differences between cost control and cost reduction. While cost control refers to something which is decided in advance like maintaining the cost of a product to a certain level is called cost control, while cost reduction is something which is decided after wards so for example reducing the salary of employees when company decides to cut its cost can be defined as cost reduction.
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MEANING OF COST CONTROL AND COST REDUCTION
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