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Module Progress: Cost Control and Cost Reduction

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Cost Control and Cost Reduction

question 1 of 4 course: Bachelor of Science in Health Services Management and Planning

Q: What is the main difference between cost control and cost reduction?

Cost control applies to manufacturing only
Cost control increases quality, cost reduction lowers it
Cost control is temporary, cost reduction is permanent
Cost control maintains standards, cost reduction improves them

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Self-regulatory policies are managed by the regulated group itself, such as professional associations setting their own standards.

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Self-regulatory policies are managed by the regulated group itself, such as professional associations setting their own standards.

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Module Progress: Cost Control and Cost Reduction

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Cost Control and Cost Reduction

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