Faculties and Departments > BBA Discussion Forum
Cost minimization
Faiyaz:
Rajib, the thing is profit maximization. As I had discussed earlier, liquidity contradicts profitability. So if you wanna increase profit you need to reduce liquidity i.e. if you wanna get profit, then invest rather than having it as cash or something relevant to it. Other than that, in profit making 2 things should be considered. One thing is legal and other is ethical. If you see any cold drink org. they sell their products in 90-95% profit than their total cost. Now would you tell this illegal? Of course not! We are living under "lazies faire" policy. But it is unethical.
rajib:
man,
I am talking about the black money or corrupted money
sayeed:
It is a economic conceft. But it is nessary for every human. Today we expence more money for unnessary field. before careful for expence after posible cost minization.
Abu Sayed
101-11-1477
shibli:
@FAIYEZ
The objective of financial management is cost minimization and wealth maximization, not profit maximization. Thanks for your in-depth analysis though.
goodboy:
:)Thanks Mam.............
We should make our mind so ready & appropriate for apprehending the genre of cost minimization......... & should implement of it..........
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