# cost reduction

> process used by companies to reduce their costs and increase their profits

**Wikidata**: [Q3454688](https://www.wikidata.org/wiki/Q3454688)  
**Wikipedia**: [English](https://en.wikipedia.org/wiki/Cost_reduction)  
**Source**: https://4ort.xyz/entity/cost-reduction


## References

1. UNESCO Thesaurus
2. UMLS 2023
3. [OpenAlex](https://docs.openalex.org/download-snapshot/snapshot-data-format)