You could say this was just a reflection of cost-cutting across the news industry.
The 12.4percentt rise in cash flow -- even as revenue was essentially flat -- is at least partly a reflection of cost-cutting.
Standard & Poor's raised more corporate credit ratings than it cut for the first time since 1990, a reflection of cost-cutting efforts and stronger profits by Japanese companies, the ratings agency said.
In fact, the translation of currency into US dollars should really only be interpreted for scale, rather than as a reflection of cost-effectiveness from a US perspective.
Considering that NUH is a not-for-profit public healthcare institution with most charges being set based on the principle of cost recovery, the use of charges in this instance would be a reasonable reflection of actual costs.
The price paid for a service is a good reflection of the costs of producing the service in competitive markets which prevent both excess profits and negative expected profits [ 4].
The banks claim their fees are "a reflection of their costs", even though critics say they are automatically generated, often with no warning.
Interest rates are often above 5,000% APR, but because borrowing is designed to be short-term, lenders claim this is not a fair reflection of the costs.
[C8.] Phone Company Writes Off Billions BCE, the Canadian telephone and media group, plans a write-downs of close to $5.68 billion, a reflection of the costs of a diversification drive.
BCE Inc., Canada's biggest telephone and media group, today announced write-downs of close to 9 billion Canadian dollars ($5.68 billion), yet another reflection of the costs of a big diversification drive in the late 1990's.
