In this session, we have discussed the differences between cost control and cost reduction in detail. At the start of this video you will find the meaning of cost control. After that, you will get to know the process of cost control and ways to make cost control system effective.

As you move further, you will understand the need for cost reduction in an organization. Thereafter, you will know the meaning of cost reduction and its assumptions.

At the end of this video, you will get the differences between cost control and cost reduction in chart form.

To study the topic further, visit this link:
https://keydifferences.com/difference-between-cost-control-and-cost-reduction.html

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