The term originated as an abstraction of the sequence: single, double, triple, quadruple, quintuple, sextuple, septuple, octuple, ..., nâtuple, ..., where the prefixes are taken from the Latinnames of the numerals. The unique 0âtuple is called the null tuple.
Cost Reduction and Cost Avoidance Cost reduction can be generally defined as the act of cutting costs to improve profitability. Cost reduction is often confused with cost avoidance, which is more properly defined as the act of eliminating costs or preventing their occurrence in the first place. Both types of cost control, which are two sides of the cost containment coin, are important and necessary for a company that wants to achieve and maintain profitability, especially in a weak economy.
COST CONTROL. Photo by: Ni Chun. Cost control, also known as cost management or cost containment, is a broad set of cost accounting methods and management techniques with the common goal of improving business cost-efficiency by reducing costs, or at least restricting their rate of growth.ome cost control proponents believe that such strategic cost-cutting must be planned carefully, as not all cost reduction techniques yield the same benefits.