Costs – C – Productivity Knowhow

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

Costs – C