Cost management in the conditions of the actual world financial crisis

Eliza Ştefania Bana and Florin Sgardea
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Eliza Ştefania Bana: Academy of Economic Studies, Bucharest
Florin Sgardea: Academy of Economic Studies, Bucharest

Management & Marketing, 2009, vol. 4, issue 3

Abstract: In this article we outlined the importance of the costs of providing the necessary information to the management in order to take the best decisions in crisis conditions. We considered the following objectives that an enterprise should have in the conditions of an unfavourable economic environment: the importance of the costs with the wages in the cost structure of the enterprise, the analysis of the hidden costs, the investment policy in crisis conditions, the expenses with financing on short term, the readjustment of the commercial contracts and limiting the expenses with external labour conscription, the sales growth policy by diminishing the advertising expenses.

Keywords: Managerial accounting; internal transfer prices; hidden costs. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eph:journl:v:4:y:2009:i:3:n:11

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