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A cost-saving approach refers to strategies and practices implemented by organizations to reduce expenses and improve financial efficiency. This may involve optimizing processes, renegotiating vendor contracts, eliminating waste, or leveraging technology to enhance productivity. The goal is to maintain or improve service quality while lowering costs, ultimately leading to increased profitability and resource allocation for growth initiatives.
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Explain market imperfections approach and transaction cost approach to Foreign Direct Investment?
market imperfections approach
What are the Difference between eac original approach and eac revise estimate approach?
For original estimate approach it does not take into account for past cost performance for forecasting of future performance and only take original cost of work. Whereas revised estimate approach takes past cost performance as a good forecast indicator for future performance.
What is the total period cost under the variable costing approach?
that is so easy
What is labor cost control procedure?
A procedure through which it is considered by keeping in view economics approach that the cost of labor does not increase its marginal product cost i.e. labor cost less than marginal cost.
Profit maximization using Total revenue and Total cost approach?
level of output to look at the total revenue and total cost curve directly
Opportunity cost of saving?
opportunity cost of saving is when you save money then economically spend from your saving this may vary to what person you are
What is cost saving?
If something is saving cost it means that you are not spending as much money. Packing a lunch is cost saving because you are not spending as much money to eat lunch out.
Suggestion on cost saving or production improvement initiatives?
suggestion on cost saving or production improvement initiatives
Discuss the pros and cons of using and in-house advertising agency?
time saving cost effective cost saving its easily controllable
Does saving wallpaper on your phone cost money?
no
Why did people have businesses in their homes?
Their are different reasons of people for doing business at their home. But i think the main reason is saving cost like, land cost, tax saving etc.
Explain market imperfections approach and transaction cost approach to Foreign Direct Investment?
market imperfections approach
How did radio networks develop?
A cost saving operation satellite.
What is the opportunity cost of saving the habitat of the spotted owl?
yjukryj
What is a cost-saving project?
yes IT MEAN u suk
Why is it important to save the cost of electricity?
Saving its cost is purely a matter for you and your household finances. Saving electricity - or properly, using less - reduces the demands on the generators hence fuel used.
Advantages Cost and Risk of Database Approach?
The advantages of Cost and Risk Database Approach include being personalized and specialized. It also involves conversion costs and management cost.
