COSTS CONTROL IN ENERGY FIELD

Madalina Mihaila
Additional contact information
Madalina Mihaila: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 3, issue 39, 92-95

Abstract: Energy has become a strategic factor in global politics, a vital component and a cost factor for economic development and progress of society overall. Given the importance of electricity, both for branches of national economy and for public welfare, the state took over the task of implementing and exploiting the energy system. The result of this action was to create mechanisms for administrative control of prices, through costs. Organizations and managers also put emphasis on cost accounting and control. Expenditure control in the past, present and future is part of the work of all managers in a company. Companies that try to make profit, focus on cost control that affect them directly. Also, knowing the costs, segmented by product is essential for making decisions on price, with further implications in the evolution of turnover.

Keywords: cost management; cost control; cost optimization; pricing; efficiency (search for similar items in EconPapers)
JEL-codes: L21 M21 M41 (search for similar items in EconPapers)
Date: 2011
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/AUCSSE/0039v3-014.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:3:y:2011:i:39:p:92-95

Access Statistics for this article

Annals of University of Craiova - Economic Sciences Series is currently edited by Sorinel Domnisoru

More articles in Annals of University of Craiova - Economic Sciences Series from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Anca Bandoi ( this e-mail address is bad, please contact ).