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What were the strategies formulated by the company's management team for managing costs (please be specific)? How were these strategies implemented? What specific steps did the company take to apply the cost management initiatives? Briefly evaluate the steps. What challenges were management faced with when formulating and implementing the cost-saving initiatives and how did they address them?.

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What were the strategies formulated by the company's management team for managing costs (please be specific)? How were these strategies implemented? What specific steps did the company take to apply the cost management initiatives? Briefly evaluate the steps. What challenges were management faced with when formulating and implementing the cost-saving initiatives and how did they address them?

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