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What do you understand about the concept of painless cost control?

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Final answer:

Painless cost control in business involves managing costs without causing disruptions. Automated energy monitoring and strategic procurement are examples of this approach.


Explanation:

Painless cost control is a strategy utilized by organizations to manage costs effectively without causing discomfort or negative repercussions. This approach involves implementing cost-saving measures in a manner that is seamless and minimally disruptive to operations.

One example of painless cost control is the use of automated systems to monitor and optimize energy usage in a building, resulting in savings without compromising comfort or productivity.

Organizations can also achieve painless cost control through strategic procurement practices that streamline purchasing processes and negotiate favorable terms with suppliers.


Learn more about Cost control strategies in business here:

https://brainly.com/question/49412568


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