very important, you must have a budget set up for yourself during a recession.
Recession is a period where the demand is low, people are not willing to buy, sellers find it difficult to sell, therefore in such period the cost should be cut so that product nay be sold at low price without sacrificing the quality.The cost has to be controlled & reduced.
what are the importance of cost sheet?
explain the primary objectives of cost management ?
Cost accounting is a subset of management accounting, although the two are used interchangeably.
Management accounting is use for internal accounting purpose of business management while cost accounting is use to find out the per unit cost of production.
the function of cost accounting is to provide management of differents acitivities in a business
Cost management will allow you to control a budget and allow to forecast in order to project the cost and being able to use those resources more efficiently in other things. In time of recession, resources become limited and it is very important to be on budget and not over spent. Cost managent allows to control your resources more efficiently.
Importance of cost control in project management?
Cost Management is critical to Project Management. A project cannot be initiated with Cost Management not in place, since cost management is about estimating, budgeting, monitoring, and analyzing the cost information.
hey PSG frd, just explore the 3 key words:- economy, management and recession. Put it in ur own words. tc - mithre
Recession has not effected HERO HONDA, its sale is increasing continuously
It will cost about 850,000,000,000 dollars to relieve us fro the recession
importance of estate management
Cost accounting is a vital management tool for effective management functions, such as, for manager to perform budgetary planning & controls and for decision making.
what is the importance of management in governing a state? what is the importance of management in governing a state?
we can say production management is the life blood of any business,through the production business can increase its profitability and minimize its cost of production.
How do i start answering this question?
There are many great importance reasons for the management of material. This management leads to more effective and efficient decisions.