There are several techniques businesses can use to control costs, including:
Budgeting: Setting a budget helps in planning and monitoring expenses. Expense Tracking: Regularly tracking and reviewing expenses to identify areas for cost reduction. Outsourcing: Outsourcing non-core activities can be a cost-effective solution. Economies of Scale: Increasing production to reduce the cost per unit. Process Improvement: Streamlining operations to eliminate inefficiencies and reduce costs.