From cost management to profit management

doi:N/A

eISSN: 1848-137X / ISSN: None

Journal of Cost Management

Volume 16, Issue 6 : 42-45

Research Article

From cost management to profit management

Bill Christopher

Abstract

Some basic measures are presented for cost managers to focus their management skills on profit improvement and profit management. Managing revenue to a targeted goal and managing fixed costs to a selected level less than revenue produce desired profit. Action plans are developed to increase the volume of high-contribution products and transactions, improve the low ones and develop new, high contribution products.

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