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Cost Control indicates keeping the costs within the given limits determined by a budget or a plan.
Cost reduction attempts at reducing the costs by using alternative resources or by changing the basic design etc.
Cost reduction are steps taken to achieve pernament reduction in expenses by going thru the process and related activities.
Cost contol is monitoring expenses by comparing them with budget .
Cost Control is the way on how we can monito the expenses of the company and cost reduction are the means on how we can save and reduce the expenses of a company.
In cost control, you will know what are the expenses that a company needs to cost reduce.
Cost Control is a technique which provides the necessary information to the management that actual costs are aligned with the budgeted costs or not & Cost Reduction is a technique used to save the unit cost of the product without compromising with its quality.
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