↑ Return to Financial outcomes

Costs – C

  • Managers at all levels must try to ensure their total costs are minimised and, if they increase, at least grow at a slower rate than revenue

  •  To do this, they must understand the cost breakdown of all their input resources, especially those which are significant and controllable – there’s no point fussing over one which costs 0.002% of the total when another costs 17%, and is over budget

 

 

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