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A Guide to Controlling Costs
A structured approach to cost control is essential in any well-managed business and can have an immediate and sustainable impact on its profitability.
This factsheet explains how to identify and monitor business costs and how to carry out cost-benefit analysis to assess which costs are justified by the benefits they bring to the business.
The factsheet also outlines good purchasing practice and includes a checklist that highlights a number of areas where business costs can be reduced.
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