is it actually, cost saving?

What does cost saving, actually mean? And, does it mean the same thing to everyone?


I raise the question.


Google's example;


Cost savings is the benefit realized from actions that reduce an organization's overall spending on assets that directly impact its bottom line. Actions that can result in cost savings range from improving efficiency to negotiating lower prices for supply purchases.



Would this be considered the type of effective cost saving. Furthermore, does it produce a wider effect on the economy?


A hospital is having a cost saving excerise. They decided that changing the soap power in the laundry to an cheaper brand less effective brands. However, it maybe cheaper, but, would it be considered a cost effective, cost saving?


If a patient noticed that the sheets still smelled of body odour. Subceqently, then decided to wash the sheets themselves. Would that mean, the same sheets had been washed and dryed twice? Would that also mean, the electric had been used twice, also?


For those that don't have the capacity to notice and have theirs changed by someone who is not paid to notice. The germs and viruses that can be spread. Addtionally, the illnesses such as terburolises. Which, if an outbreak arised, the place would require a deep clean. Would that be considered cost effective, cost saving?


If cost saving effects the cleaners, namely, the night cleaners would that be considered an effective cost saving?


That's the thing isn't it? Understanding what someone's word's speech actually mean. Because, they can mean and be understood differently by different people.


Should Business Economist have to analyse the wider impact of the cost savings to the UK economy? Understand if they are practical?


We're not talking about, having to let people go, as that for any company is a last restore. However, the effects to the economy would be an increase to unemployment.


Would reducing the quality of the soap power without testing the effectiveness be considered cost effective?


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