There are different methods in different industries which are used for cost controlling and are standards around the world if you specify the industry it will be an easy task to answer the above questionWhat are cost control methods?
ditto what Mahmood said, but some examples might be competitive bidding in purchasing, design for manufacturing, manufacturing methods, effective management reducing assets and costs involved in manufacturing or in selling. Even such things as keeping your money in interest-bearing savings accounts instead of checking (in order to prevent inflation erosion). Define the situation and a better answer will result.
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