ABSTRACT
The research work is concerned on "The Effect of Cost
Reduction and Control on the Performance of Manufacturing Firms (Study of PZ
Cusson Nig. Plc)." The researcher in the cause of this research work
employed the use of both historical and survey research design. The historical
research design is for the researcher to review some of the related literature
concerning cost reduction and control. The survey was to get information from
the respondents concerning cost reduction and control generally and its effects
on the performance of PZ Cusson. More so, the researcher adopted the
stratificial random sampling in choosing or selecting the population and sample
from the study. Data collected were analyzed and presented questions. The
researcher formulated three hypotheses for the study, which the researcher used
Regression, Correlation, and Chi-Square analysis. In view of the findings made,
it is recommended that the management should allow their subordinate to improve
on their creative skills that sourcing all raw materials locally increases
growth variable such as capacity utilization rate, net profit, profit turnover
and sales volume rather than sourcing raw material externally which contributed
to high cost of funds and relatively time consuming which may disrepute
production process. The researcher identified further that lack of skilled
technical and managerial staff, the management inconsistency in policy
administration, communication gap and introducing sudden change pattern in the
process of production threatened the security of the employees and reduce
workers' moral.
NWOSU, J (2021). Effect Of Cost Reduction And Control On Firms Performance In Nigeria (Study Of Selected Firm In Abia State). Mouau.afribary.org: Retrieved Nov 01, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-and-control-on-firms-performance-in-nigeria-study-of-selected-firm-in-abia-state-7-2
JOSEPH, NWOSU. "Effect Of Cost Reduction And Control On Firms Performance In Nigeria (Study Of Selected Firm In Abia State)" Mouau.afribary.org. Mouau.afribary.org, 08 Nov. 2021, https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-and-control-on-firms-performance-in-nigeria-study-of-selected-firm-in-abia-state-7-2. Accessed 01 Nov. 2024.
JOSEPH, NWOSU. "Effect Of Cost Reduction And Control On Firms Performance In Nigeria (Study Of Selected Firm In Abia State)". Mouau.afribary.org, Mouau.afribary.org, 08 Nov. 2021. Web. 01 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-and-control-on-firms-performance-in-nigeria-study-of-selected-firm-in-abia-state-7-2 >.
JOSEPH, NWOSU. "Effect Of Cost Reduction And Control On Firms Performance In Nigeria (Study Of Selected Firm In Abia State)" Mouau.afribary.org (2021). Accessed 01 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-cost-reduction-and-control-on-firms-performance-in-nigeria-study-of-selected-firm-in-abia-state-7-2