Academic MBA Question:
NMIMS Cost Assignment Question
Cost control is all about identifying and controlling business related expenses with an objective of increasing profits. In order to control the costs, management compares the actual performance with the expected results.
If the actual performance is not up to the mark, then the management takes corrective actions. Keeping this fact under consideration, discuss the essential techniques (any five) which are in general applied by management to control the cost element
Academic Assignment Answer:
