Cost minimization

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Offline shibli

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Re: Cost minimization
« Reply #30 on: December 13, 2010, 11:42:50 AM »
The objective of financial management is cost minimization and wealth maximization. . But we forget about that very often
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Offline saiful_1342

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Re: Cost minimization
« Reply #31 on: December 13, 2010, 03:04:01 PM »
Thanks mr. sibli sir for giving an important is necessary for a financial manager.because without cost minimization an organization can not achive its goals .cost minimization is the main work of a financial manager as a financial manager of any kind of organization.

on the other hand cost minimization is also related in our real life.we should minimize the cost in our personal life. we have a budget in our personal life. without the proper use of cost minimization in our personal life  we can't achieve our goals successfully.

Offline Golam Kibria

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Re: Cost minimization
« Reply #32 on: December 13, 2010, 03:54:26 PM »
Cost minimization and wealth maximization are important for an organization to make their profit. If an organization can develop an awareness in their employee's mind,they can make huge profit.Because, if the cost is decreased, the profit is incresed.
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