1. The process or strategy of decreasing expenses or expenditures in a business, organization, or project
The company implemented a cost reduction program to improve profitability.
A empresa implementou um programa de redução de custos para melhorar a lucratividade.
2. Measures taken to lower operational or production expenses without compromising quality
Cost reduction initiatives led to significant savings across all departments.
Iniciativas de redução de custos resultaram em economias significativas em todos os departamentos.