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What is the difference between Cost Control and Cost Reduction. Which one is permanent and which one is temporary?

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Question added by Panuganty AnilKumar , Chief Financial Officer
Date Posted: 2015/03/11
Shri Bhagwan Sharma
by Shri Bhagwan Sharma , Asst. Accounts Manager , PROMETAL METAL IND. FACTORY LLC

Cost control is regulating or controlling operating cost/ expenditure whereas cost reduction is a process of  identifying and eliminating unnecessary cost to improve profitability.  

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