October 2021

Cost Control

Techniques of Cost Control meaning, features, steps, advantages

Techniques of cost control are essential for businesses to maintain financial stability and achieve long-term success. By implementing techniques such as budgeting, optimizing procurement processes, efficient energy management, standard costing, effective labour management, and leveraging technology, organizations can effectively manage costs and improve their overall financial performance. 

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Flexible Budget

Flexible Budget Meaning, Advantages and Disadvantages

Table of Contents:- Flexible Budget Meaning  A flexible budget consists of a series of budgets for different levels of activity. It, therefore, varies with the level of activity attained. A flexible budget is prepared after taking into consideration unforeseen changes in the conditions of the business. A flexible budget is defined as a budget that

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