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Common cost determinants in various organizations depend on two main factors: The Quantities of Resources and Combinations and Techniques of Productions. High costs can prevent a team from achieving goals, thus, identifying obvious and hidden causes for inefficient costs is crucial. Strategies for cost reduction can include: bartering with other businesses, monetizing marketing methods, sponsoring events and introducing a four-day work week.
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Use this slide to list all cost determinants for the project. Although determinants vary from organization to organization, they depend on two main factors: The Quantities of Resources and Combinations and Techniques of Productions. High costs most likely prevent your team from achieving goals, thus, identifying obvious and hidden causes for inefficient costs is crucial. Use this slide to discuss causes for high costs and introduce elimination solutions. With this slide, introduce cost reduction potential and propose strategies for savings. These can include: bartering with other businesses, monetizing marketing methods, sponsoring your events and introducing four-day work week.
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Maximize profitability with our Cost Management presentation. This deck includes frameworks and charts that take both internal and external factors in...
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