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The decision seems to have been made for cost-cutting reasons rather than anything else. Many commentators assume a backdrop of cost-cutting or restraint. Improving prospects, rising share prices, cost-cutting and greater efficiency in all the companies should be welcomed.

Synonyms of cut-price (adj. competitive. economical. low-cost. low-priced. reasonable.

Cost cutting is when an organization takes certain actions or measures to reduce its costs directly. Companies can implement cost-cutting measures to improve their profitability during an economic downturn, for example.

Some common synonyms of frugal are economical, sparing, and thrifty. While all these words mean "careful in the use of one's money or resources," frugal implies absence of luxury and simplicity of lifestyle.

To cut costs: to reduce, to lower, to decrease expenditure verb. We will need to cut costs very soon or we will be in debt. (to implement) cost-cutting (measures): (to introduce steps) to reduce spending, costs, overheads adjective.

What Is Cost Cutting? Cost cutting refers to measures implemented by a company to reduce its expenses and improve profitability. Cost cutting measures are typically implemented during times of financial distress for a company or during economic downturns.

Words Related to Cost-cutting rationalisation. cost-reduction. downsizing.

Cost-cutting | Business English the process of reducing how much a company or organization spends: Restructuring and cost-cutting has led to an increase in annual earnings for the industry.

The company has tried to cut costs in several areas.

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