Lower Costs Quotes & Sayings

Even when the corporate risk tolerance is low it is still possible to take some working interest in a risky project. Clearly, zero working interest is the lower limit and 100% working interest is the high limit. Somewhere between these two extremes there must be an optimum working interest to take which depends on both the parameters of the project (success probability, estimated gains, and estimated costs) and on the corporate risk tolerance. — Ian Lerche

A better domain name will lower your lifetime marketing costs. — Frank Schilling

Potential home buyers have a two-step decision process. First, they determine whether they can afford to make a purchase - does their income safely cover their mortgage payment? Then they determine whether owning is a better financial choice than renting - are the costs of owning a home lower than the cost of renting it? — Mark Zandi

Relevant Keywords + Relevant ads + Relevant Landing Page = Better Page Position, Lower Costs, More Success. — James Lynch

At a European auto show, I had someone from a German car company come up to me and say the Karma should cost $125,000, not $87,900, but our development process lets us lower the costs. I guarantee it's profitable. — Henrik Fisker

Climate change denialists are therefore engaged in intergenerational economic warfare on their own societies. They won't witness the worst aspects of climate change - luckily for them they'll die before they occur. But their children and grandchildren will be affected by them. The refusal of older people, and particularly old white males, to accept the need for climate action shifts costs that they themselves are causing onto their descendants, all of whom will pay higher prices, higher taxes and higher insurance premiums and enjoy poorer health, lower economic growth and fewer jobs because of climate change. Denialists are a form of economic parasite preying on their own offspring, running up a bill they'll die before having to pay. And every year of delay increases the costs that future generations will have to bear. — Bernard Keane

Our approach is to reject the old vicious circle of the '80s-rising debt, higher long-term interest rates, higher debt repayment costs, lower growth, higher unemployment, then enforced cuts in public spending. That was the old boom and bust. — Gordon Brown

The first involves streamlining operations and introducing cost innovations from manufacturing to distribution. Can the product's or service's raw materials be replaced by unconventional, less expensive ones - such as switching from metal to plastic or shifting a call center from the UK to Bangalore? Can high-cost, low-value-added activities in your value chain be significantly eliminated, reduced, or outsourced? Can the physical location of your product or service be shifted from prime real estate locations to lower-cost locations, as The Home Depot, IKEA, and Walmart have done in retail or Southwest Airlines has done by shifting from major to secondary airports? Can you truncate the number of parts or steps used in production by shifting the way things are made, as Ford did by introducing the assembly line? Can you digitize activities to reduce costs? By — W.Chan Kim

By skimping on design, the owner gets costlier equipment, higher energy costs, and a less competitive and comfortable building; the tenants get lower productivity and higher rent and operating costs. — Amory Lovins

The Internet rewards scale; by trading higher up-front costs for lower marginal cost, market leaders can invest in better technology and service. As a result, there is nothing online that is both great in quality and small in scale. Amazon wasn't originally a better bookstore than the small shops we mourn, but it is now. — John Katzman

One of the biggest reasons for higher medical costs is that somebody else is paying those costs, whether an insurance company or the government. What is the politicians' answer? To have more costs paid by insurance companies and the government ... [H]aving someone else pay for medical care virtually guarantees that a lot more of it will be used. Nothing would lower costs more than having each patient pay those costs. And nothing is less likely to happen. — Thomas Sowell

Commissions add up, taxes are a big drag, margin ain't cheap. A good accountant costs money as well. The math on this one is obvious, yet investors often fail to recognize it: Keep your costs low and your turnover lower, and you will win in the end. — Barry Ritholtz

One side of the American psyche wants smaller government, lower taxes, and more choices for individuals, even if those choices increase risk. The other wants a strong social safety net to protect the weakest among us, even if it costs more to minimize risk. — Ron Fournier

A German firm called Friendsurance relies on people forming their own groups, which apply peer pressure to keep claims and costs lower. The result is refunded premiums for customers and profit for the company. — John Gerzema

Since loans are getting more expensive and there's less money available, we're seeing a commensurate decline in growth. Higher costs and lower growth, in turn, translate into lower profits. Figuratively speaking, in the future, we won't be able to run as far or jump as high as we used to. — Paul Achleitner

It's a great opportunity to lower costs without sacrificing quality. If a retailer is not leveraging this capability, they are certainly missing something. — Marc Chandler

When you can dramatically lower the costs of connecting supply and demand, it changes not just the numbers, but the entire nature of the market. — Chris Anderson

By the Obama administration's reasoning, it would be constitutionally permissible to make Americans purchase nearly any product (broccoli, gym membership) that improved their health and thereby contributed to lower health-care costs. — John Cornyn

What we're now starting to see, as online retailers begin to capitalize on their extraordinary economic efficiences, is the shape of a massive mountain of choice emerging where before there was just a peak ... By necessity, the conomics of traditional, hit-driven retail limit choice. When you dramatically lower the costs of connecting supply and demand, it changes not just the numbers, but the entire nature of the market. This is not just a quantiative change, but a qualitative one, too. Bringing niches within reach reveals latent demand for noncommercial content. Then, as demand shifts toward the niches, the economics of provided them improve further, and so on, creating a positive feedback loop that will transform entire industries - and the culture - for decades to come. — Chris Anderson

In the Internet Century, the objective of creating networks is not just to lower costs and make operations more efficient, but to create fundamentally better products. — Eric Schmidt

A firm is successful when the costs of directing employee effort are lower than the potential gain from directing. — Clay Shirky

The benefits of a modest warming would outweigh the costs - by $8.4 billion a year in 1990 dollars by the year 2060, according to Robert Mendelsohn at Yale University - thanks to longer growing seasons, more wood fiber production, lower construction costs, lower mortality rates, and lower rates of morbidity (illness). — Joseph L. Bast

The result of long-term relationships is better and better quality, and lower and lower costs. — W. Edwards Deming

All I want to do, if you've already got health care, is lower your costs. — Barack Obama

I don't think we will put higher-ed out of business. I think we'll evolve it. More access, higher quality, lower costs, more global reach. — Sebastian Thrun

Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation. — Larry Elder

The more comprehensive and convincing a debt reduction program is, the less likely it is to fail. And remember, just as Germany is grateful to America for the Marshall Plan, Italy would be grateful to Germany for helping it lower its refinancing costs. — George Soros

When I was in the Maine Senate and proposed Maine RX - a plan to lower prescription drug costs by forcing the pharmaceutical companies to negotiate - I was told by many people that it was too big an idea, and we couldn't overcome opposition from the drug companies. — Chellie Pingree

Unlike George Bush and his friends at the big oil companies, I'm going to work for a real energy policy for this country that decreases America's dependence on foreign oil and helps lower the costs to American families. — John F. Kerry

a prosperous country with higher wage rates per unit of time may have lower labor costs per unit of output than a Third World country where workers are not paid nearly as much. — Anonymous

Falling entry barriers and lower access costs have significantly democratised participation, whether in production or consumption. — Mohamed El-Erian

Targeted marketing delivers a lower customer acquisition cost and gets you to profitable growth faster. The goal is to quickly identify the costs associated with acquiring your most profitable segment of customers and the incremental value - if any - of going beyond your core. — Jay Samit

I think integrative medicine, something I've pioneered, is the way of the future. Its great promise is that it can reduce healthcare costs by shifting the whole focus of healthcare away from disease management to health promotion and prevention. They can do that two ways: first, by focusing attention on lifestyle medicine, which is very deficient. And second, by bringing into the mainstream treatments that are lower cost because they are not dependent on expensive technology. — Andrew Weil

It matters whether the government blows tens of billions of dollars on tax loopholes for billionaires or whether that same money is used to lower costs for students who have to borrow money to go to college. It matters whether Wall Street can pocket billions of dollars by cheating people on mortgages and tricking them on credit cards or if there's a cop on the beat to keep them honest. It matters whether the minimum wage is set so low that a full-time worker still lives in poverty or if minimum wage also means a livable wage. When — Elizabeth Warren

For everywhere we look, there is work to be done. The state of our economy calls for action: bold and swift. And we will act not only to create new jobs but to lay a new foundation for growth. We will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. We will restore science to its rightful place and wield technology's wonders to raise health care's quality and lower its costs. — Barack Obama

The lower spreads mean lower costs for investors, because Nasdaq investors generally do not trade directly with one another. Instead, they usually buy and sell from market-makers, brokerage firms that flip shares between buyers and sellers and keep the spread for themselves. — Alex Berenson

First, we have to lower our costs to levels that are more competitive. This will prevent the lower-cost airlines from pushing us out of the markets we want to serve. We've made great progress on this front, but we need to keep pushing. — Gerard Arpey

You might say, well, aren't people saying that about wind and solar today? Not really. Only in the super-narrow sense that the capital costs per output, when the wind is blowing, is slightly lower. — Bill Gates

I'm not sure why anybody makes a physical CD anymore when the costs are so much lower to just throw it up on iTunes. And it doesn't seem that making a hard copy of something prevents pirating any less. I mean I'm amazed that they still do that. — Cliff Martinez

Sensible policies on global warming should weight the costs of slowing climate change against the benefits of slower climate change. Ironically, recent policy initiatives, such as the Kyoto Protocol of 1997, have been introduced without any attempt to link the emissions controls with the benefits of the lower emissions. — William Nordhaus

Transparency is therefore more than an esthetic triumph; it is a victory that will be reflected in lower costs throughout the software's life cycle. 6.2.2 — Eric S. Raymond

China is investing in factories in Eastern Europe, not because their labor costs are lower, but because they want to be closer to their markets. — Michael Bloomberg

In a time when many people are looking to cut calories, reduce food intake, cut food costs, and lower their bodyweight, bodybuilders are looking to pour it on. — Robert Cheeke

If your goal is to provide a service at terms your customers can afford, you have to figure out how to offer your services at price points such that your aggregated costs are lower than your aggregated revenues. — Thulasiraj Ravilla

Privatization, of course, is based on yet another myth: that government-run programs must be inefficient, and privatization accordingly must be better. In fact, as we noted in chapter 6, the transaction costs of Social Security and Medicare are much, much lower than those of private-sector firms providing comparable services. This should not come as a surprise. The objective of the private sector is to make profits - for private companies, transactions costs are a good thing; the difference between what they take in and what they pay out is what they want to maximize.31 — Joseph E. Stiglitz

Efficiency innovations arise in industries that already exist. They provide existing goods and services at much lower costs. They are not empowering. Efficiency innovators become the low cost providers within an existing framework. — Clayton Christensen

It is time that we provide clarity for our seniors, informing them of the services available that will lower the costs of their prescription drugs and strengthen the overall integrity of the Medicare entitlement. — Olympia Snowe

With lower start-up costs and a vastly expanded market for online services, the result is a global economy that for the first time will be fully digitally wired-the dream of every cyber-visionary of the early 1990s, finally delivered, a full generation later. — Marc Andreessen