answersLogoWhite

0

Cost management refers to how much it will cost a business to run. By having a cost management plan businesses can attempt to lower their costs therefore creating more revenue.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

What does the term Cost mean?

Cost management refers to how much it will cost a business to run. By having a cost management plan businesses can attempt to lower their costs therefore creating more revenue.


What does the term total cost of ownership mean?

The term total cost of ownership means the following; a financial estimate, the term used to help the consumer and enterprise managers to know the cost of the product directly or indirectly, and a management account concept that is used in full cost accounting.


What do you mean from the term management?

A.O.A DEARS, I want to know the answer of this question in view of Principle of Management so Plz give the authentic answer"what do you mean from the term management?"


Why do you study cost accounting?

Cost accounting tells us about how to calculate the per unit cost of any item produce in manufacturing concern as well as provide the basis for management accounting to help management in short-term and long term decision making process.


What is multinational management?

Multination management is a term applied to an individual who manages an organization that spans to many nations. The term can also mean that an organization is multicultural.


What does the term change management mean?

The term managing organizational change is the planning and process and implementation of changes in an organization. Managing organizational change is done in a way that it minimizes employee resistance and cost while maximizing the effect of such change.


What does the term 'digital asset management systems' mean?

The term digital asset management refers to the cataloguing, storage, retrieval, and distribution of digital assets. It generally applies to the management to the systems that surround the distribution of files.


Importance cost management in a project?

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.


What does the term best photo management refer to?

Best photo management refers to a system in which one can easily and productively manage their photographs with the lowest cost possible.


What does coutenance mean?

it's a French neologism for cost management. It's a buzz word.


What do you mean by project examination?

This is a vague term that can mean multiple things (in Project Management):- PMP Exam: Project Management Professional Exam- Project Audit: Your project being audited/examined


What is primary objective of cost management?

explain the primary objectives of cost management ?