Examlex
Of the following, which is not a primary subsistence activity?
Cost Management
The process of planning and controlling the budget of a business or project, focusing on reducing costs and maximizing value.
Cost Savings
The reduction in expenses achieved through efficient management, negotiation, process improvements, or other means, contributing to increased profitability.
Cost Reductions
Efforts made to lower operating expenses and production costs without compromising quality or performance.
Cost Avoidance
Involves actions taken to prevent or reduce potential increases in costs, helping to control future expenses without necessarily resulting in immediate savings.
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