Consider the following statements about the highlighted word...
Instruction: answer question based on the following text.
Increasing Sustainability in Vacation Rentals Through Home Automation
Consider the following statements about the highlighted words cut down (l. 16):
I. It’s a phrasal verb.
II. It could be substituted by “lower” with no significative changes in meaning (consider “lower the costs”).
III. It is often followed by the preposition “on”.
Which statements are correct?