"Cost-driven" Pronounce,Meaning And Examples
"Cost-driven" Natural Recordings by Native Speakers
"Cost-driven" Meaning
Cost-driven refers to the process of making managerial decisions based on financial considerations, with a primary focus on reducing costs and increasing efficiency in order to achieve a competitive edge. It involves identifying and eliminating inefficiencies, negotiating better prices, and adopting cost-saving practices.
"Cost-driven" Examples
Usage Examples for "Cost-Driven"
1. Business/Corporate
The company's decision to outsource manufacturing was due to its cost-driven strategy, aiming to reduce production costs by 30%.2. Economics
In a cost-driven economy, consumer behavior is influenced by the prices of goods and services, leading to changes in demand.3. Marketing
The company's cost-driven marketing approach focused on reducing advertising expenses while maintaining sales volumes.4. Strategy
The company's cost-driven strategy allowed it to increase its market share by offering competitive pricing without sacrificing quality.5. Operations
The manufacturing department implemented a cost-driven strategy to streamline production processes, reducing waste and lowering costs."Cost-driven" Similar Words
Cosseted
Cosseting
Cossette
Cossette is a noun that refers to a small, ornamental casket or box used to enclose a deceased person's remains or portions of them, especially as a mourning token. It is often used in historical or literary contexts to describe a Victorian-era mourning custom where loved ones would divide a deceased person's body into small parts, encase them in decorative boxes, and keep them as a memorial.
Cossetted
Cossic
Cossical
I apologize, but the word "cossical" is not a real word in the English language. It's possible that it's a made-up or nonsense word. Additionally, a search in dictionaries and linguistic resources did not yield any results.
Cost-conscious
Cost-cutting
Cost-effective
Cost-effectively
Cost-effectiveness
Cost-efficient
Cost-saving
Cost-sharing
Cost
Costae