The main benefit of cost control is that it allows a company to lower its overall expenses. It can also limit waste and abuse.
local control, cost reduction and less corruption.
what are the assumptions of the absolute advantage cost?
absolute cost advantage talks about the efficiency and cheaply a country incure in the production of goods and services against other country whiles comparative advantage talks about the opotunity cost of goods
its really simple. an absolute cost advantage is that you are making a profit of the cost of what you are producing . In brief terms it is basically finding out methods and using them to minimise the cost of producing a good,so whatever the business manages to save through those methods are ABSOLUTE COST ADVANTAGE
cost accounting advantage & disadvantage
what is the cost of cellonics technology & its advantage , disadv
explain theory of absolute cost advantage as propounded by Adam smith
Repayment, retribution, or advantage. Those words mean cost.
advantages: four quadrant control which means full speed control on both rotation sides, braking and regenarating power. disadvantages: high cost (you need 3 machines), low efficiency
It cost 100 in some shops but the wheel cost is 1,000
Food cost control refers to the measures that are put in place to control the prices of food.
Backward integration can lead to cost savings, better quality control, increased operational efficiency, and more control over the supply chain. It can also provide a competitive advantage by securing access to critical resources or technologies.