Explain advantages of cost management.

QuestionsCategory: QuestionsExplain advantages of cost management.
aftab asked 12 months ago

advantages of cost management

1 Answers
Aftab Alam answered 12 months ago

Cost Management is a process of planning and controlling the budget and expenses of the organization.
Advantages of Cost Management

  • It helps to control the expenses of the company.
  • It helps to make an effective budget for the company.
  • It helps to reduce the cost of manufacturing.
  •  It helps to predict future expenses and revenue.
  • It helps in analyzing the long term trends of the company.
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