Product cost reduction strategy and its importance
Abstract
This article discusses the factors that determine the cost of a product, its main components, existing scientific approachesand practical mechanisms for reducing costs. The study also analyzed the factors affecting the cost of a product in business entities, and developed proposals and recommendations aimed at reducing costs.
Fields of Study & Subjects
Business
Education
Mathematics Research
Management and Optimization Techniques
Economic and Industrial Development
Publication details
- Journal / source
- Central Asian Journal of Multidisciplinary Research and Management Studies
- Volume
- 3
- Issue
- 2
- Pages
- 131–134
- Publication date
- 25 February 2026
- Language
- EN