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Cost minimization

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shibli:
The objective of financial management is cost minimization and wealth maximization. . But we forget about that very often

saiful_1342:
Thanks mr. sibli sir for giving an important topic.it 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.

Golam Kibria:
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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