Cost Control – A Means to Achieving Business Objective

Cost Control – A Means to Achieving Business Objective

Cost Control – One common definition of business states that a business is an organization dedicated to the god of profit maximization or producing the largest possible profit for its owners (Solomon 1978). This definition appears to be too narrow or restrictive in the sense that profit maximization id taken as the only god of the business. By implication, any venture that is operated without the intent to maximize with not quality to be a business. [Read more…]