ANALYSIS OF BUSINESS OBJECTIVE AND THEIR ACCOMPLISHMENT THROUGH EFFECTIVE COST CONTROL (A CASE STUDY OF LAKE CONCRETE INDUSTRIES LIMITED, ENUGU STATE)

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ABSTRACT

This study is centered on the analysis of business objective and their accomplishment through effective cost control in lake concerted industry-limited Enugu. There are lots of problem that face the industry, some of which are shortage of raw materials, excessive demand, ineffective stock planning and inefficient stock management.

The study therefore embarked on how the industry should form a strong stock management policy. Thereby forming a stock management committee that will monitor the implementation of the policy.

Also in this study, proper method of determining the maximum stock level was worked out that is the use of probability and technique. In the same val-soft were was procured to help in checking over-stocking and under stocking.

In this research work, questionnaires were used as the research work, question. Data were also collected through personal interview. The uses of chi-square and sample table were used to know how effective and reliable are the observed facts. Based on the objectives of this study, researcher come up with findings as it effects the effective cost control in lake concrete industry limited Enugu. It found out that there are low national factors and this made the workers to be relevant to put in their best at work.

On this effect, the researcher come to conclude that training and development will contribute immensely to effective performance of the workers.

Therefore, the research finally recommends that the management of the industry should endeavor of staff to training and development to enhance proper technical know how of the job as will give opportunity to workers to influence decision effecting them.

TABLE OF CONTENT

Title Page ii

Approval Page iii

Dedication iv

Acknowledgement v

Abstract vi

Table of Contents viii

CHAPTER ONE:

Introduction 1

1.1 Background of the Study 1

1.2 Statement of the Study 4

1.3 Purpose of the Study 4

1.4 Scope of the Study 5

1.5 Research Question 6

1.6 Significance of the Study 7

1.7 Definition of Terms 8

Reference 10

CHAPTER TWO:

Review of Related Literature 11

2.1 Overview of Business 11

2.2 The Objective of Business 12

2.3 Overview of Cost Control 16

2.4 The Role of Cost Control in Business 33

2.5 Relationship to the Study 35

Reference 37

CHAPTER THREE:

Research Design and Methodology 39

3.1 Research Design 39

3.2 Area of the Study 39

3.3 Population of the Study 40

3.4 Sample and Sampling Procedure /Technique 40

3.5 Instrument for Data Collection 42

3.6 Validation of the Instrument 43

3.7 Reliability of the Instrument 43

3.8 Method of Data Collection 43

3.9 Method of Data Analysis 45

Reference 46

CHAPTER FOUR:

Presentation and Analysis 47

4.1 Presentation of Data analysis of Data 47

4.2 Testing of hypothesis 63

4.3 Summary of result 73

CHAPTER FIVE:

Discussion, Recommendation and Conclusions 75

5.1 Discussion, Results /Finding 75

5.2 Conclusion 76

5.3 Implication of Research Findings 77

5.4 Recommendation 77

5.5 Limitation of the study 78

5.6 Suggestion for the research 79

Bibliography 80

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ANALYSIS OF BUSINESS OBJECTIVE AND THEIR ACCOMPLISHMENT THROUGH EFFECTIVE COST CONTROL (A CASE STUDY OF LAKE CONCRETE INDUSTRIES LIMITED, ENUGU STATE)

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