Cost and Budgeting
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Cost Reduction and Budgeting Process
- September 9, 2019
- Posted by: admin
- Categories: Budgeting, Cost and Budgeting
No CommentsIn this era of a competitive market where most of the firms are price taker, cost reduction is the only option left for companies to survive in the market and earn a profit. Companies can only maximize their profit only if they attach the lowest possible cost to every component of product and process. The Cost Reduction and budgeting process are creating a budget takes management away from its short-term