THE EFFECT OF COST-CONTROL IN THE PROFITABILITY OF A BUSINESS ORGANISATION

THE EFFECT OF COST-CONTROL IN THE PROFITABILITY OF A BUSINESS ORGANISATION (A CASE STUDY OF NIGERIA BOTTLING COMPANY, ILORIN PLANT)

TABLE OF CONTENT

Title page

Certification

Dedication

Acknowledgements

Table of contents

CHAPTER ONE: INTRODUCTION

  1. Background of Study
    1. Statement of the Research Problem
    2. Objective of the Study
    3. Significance of the Study
    4. Research Question
    5. Scope of the Study
    6. Limitation of the Study
    7. Organization and Plan of the Study
    8. Definition of the Key Terms

CHAPTER TWO: LITERATURE REVIEW

2.1 Introduction

2.2 Cost Control Techniques

2.3 Cost Reduction Techniques

2.4 Effective Cost Control

2.5 Appraisal of Literature Review

CHAPTER THREE: RESEARCH METHODOLOGY AND DATA ANALYSIS PROCEDURE

3.1 Method of Data Collection

3.2 Population and Sample Size

3.3 Sampling Technique

3.4 Method of Data Analysis

CHAPTER FOUR: DATA PRESENTATION AND DATA ANALYSIS

4.1 History of Nigeria Bottling Company Plc

4.2 Data Presentation

4.3 Data Analysis

CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 SUMMARY

5.2 CONCLUSION

5.3 RECOMMENDATIONS

        References

CHAPTER ONE

INTRODUCTION

  1. BACKGROUND OF THE STUDY

One of the means of measuring the performance of an organization’s management is its efficiency. Efficiency reliable to the optimum utilization of inputs to derive the best achievable outputs.

An efficient manager executes his responsibilities with the last resources and maximum output to accomplish the organizational goals.

An important goal of a profit oriented organizational is to operate at a profit. However, if how effort to generate maximum revenue is not cost efficient, it will only be more difficult to achieve the goals. As strategies are employed to maximum returns on one hand, it is of equal importance for the management to institute conscious and methodical programmes that would assist in controlling and reducing the resources input in order that the revenue will not be totally consumed by astromical expenses.

We thus discussed the two techniques that could assist management to maximize cost namely: Cost control and Cost reduction techniques. For the purpose of this study, we shall call then cost management techniques (CMS).

We viewed cost control to be an application of costing to enable management to compare actual cost with planned cost and to take any necessary corrective action before it is too late.

Before any control can be affected, standard or target of performance must be set against with actual cost can be measured, through this method inefficiency will be revealed.

Cost control can also be viewed to be an exercise in good house keeping that is avoiding a wasteful use of valuable resources and encouraging efficiency and cost consciousness.

In contrast, coat are too high, through cost control might be good cost.

Cost reduction, therefore is a planned and positive approach to reduce expenditure. These cost management techniques cost reduction.

Therefore is a good planned and positive approach to reduce expenditure.

These cost management techniques (C.M.T) could be utilities extensive by profit oriented organizations producing goods and service, provided that the economic and political climate is stable for growth.

  1. STATEMENT OF THE RESEARCH PROBLEM

This topic for this project is cost control and reduction techniques. Due to the lack of enough time, the research work is average. In the case, the various research problem formulated are in question forms.

These are.

  1. What is the historical background of cost control and reduction techniques?
  2. What are the reasons for recent cost control and reduction
  3. Does the recent cost control and reduction have any prospect for kwara property development corporation (KWPC)?
  4. What are the likely problem facing cost control and reduction directions to KWPC?

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