Cost Reduction As we look around, we find that money is assuming more importance than anything else in the world. One of the definitions of money is that money is what money does. The power of money is realised when we want to do work in life. It is therefore business of every business house to save the money, which in other words means that as much savings be done in every operation the company or individual is doing .In so far as this company is doing the operations of…