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Correlation Between Cost Reduction and Profitability of Business: DE - Softcover

Mohamed, Saed A.

 
9786208009700: Correlation Between Cost Reduction and Profitability of Business: DE
Softcover
ISBN 10: 6208009707 ISBN 13: 9786208009700
Verlag: LAP LAMBERT Academic Publishing, 2024

Inhaltsangabe

This study explores the relationship between cost reduction through cost control and business profitability, focusing on Safarsame Modern Bus Company (SMB) for 2022 and 2023. Using a mixed research approach, it examines the correlation between payroll and utility cost reductions and profitability metrics such as net profit margin (NPM), return on assets (ROA), and return on equity (ROE). Quantitative analysis reveals negative moderate correlations between cost reductions and profitability ratios, indicating that cost-cutting means to profitability improve and was almost statistically significant, except between salary expenses and NPM. Qualitative findings identify SMB's strategies for reducing salary costs—downsizing staff with an internship program, performance-based compensation, and outsourcing—and for reducing utility expenses through behavioral changes and rate negotiations. The study recommends businesses adopt scientifically tested strategies for cost reduction to improve profitability, noting that both managers and academics can benefit from understanding these correlations for better decision-making and literature review.

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Über die Autorin bzw. den Autor

Saed Ahmed Mohamed Jel'mi, social'nyj rabotnik i issledowatel' s sil'nym opytom w oblasti buhgalterskogo ucheta i finansow, poswqtil sebq rasshireniü praw i wozmozhnostej soobschestw s pomosch'ü moego raznoobraznogo nabora nawykow. Moj osnownoj obrazowatel'nyj put' wklüchaet w sebq stepen' MBA w oblasti buhgalterskogo ucheta i finansow w Uniwersitete Burao i stepen' w oblasti buhgalterskogo ucheta i finansow w Uniwersitete Togdhir.

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Verlag
LAP LAMBERT Academic Publishing
Erscheinungsdatum
2024
Sprache
Englisch
ISBN 10 
6208009707
ISBN 13 
9786208009700
Einband
Taschenbuch
Anzahl der Seiten
80
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
SIA OmniScriptum Publishing
customerservice@vdm-vsg.de

Brivibas gatve 197
Riga
1039
Lettland