IMPROVEMENT OF ORGANIZATIONAL ECONOMIC IMPACT OF PRODUCT COST REDUCTION ON THE BASIS OF COST-EFFECTIVE USE OF RESOURCES
Keywords:
cost-effective use of resources, self-sufficiency, resource consumption, sales margin, production cost, financial stability, competitiveness, economic indicators, cost management, marginal selling priceAbstract
This article illustrates how the methods of improvement of the organizational economic impact of product cost reduction on the basis of cost-effective use of resources work in practice. The cost of production, representing the costs of the enterprise for production and circulation, serves as the basis for the co-measurement of expenses and income, i.e. self-sufficiency – a fundamental feature of market economic calculation. Cost is one of the most important indicators of resource consumption efficiency.
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