Effect Of Cost Reduction And Control On Firms Performance In Nigeria (Study Of Selected Firm In Abia State)

NWOSU CHUKWUEMEKA JOSEPH | 89 pages (13411 words) | Projects

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.

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APA

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

MLA 8th

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.

MLA7

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 >.

Chicago

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

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