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What is cost containment? definition and meaning ... Definition of cost containment: The process of controlling the expenses required to operate an organization or perform a project within pre-planned budgetary constraints. The cost containment process is an important management ... Definition of Cost Containment Chron.com Cost containment is the business practice of maintaining expense levels to prevent unnecessary spending or thoughtfully reducing expenses to improve profitability without long-term damage to the ... Cost Containment financial definition of Cost Containment Any act or strategy that attempts to reduce a company's spending. Limiting use of the corporate credit card by managers or disallowing personal long distance phone calls are both examples of cost containment.
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