THE EFFECT OF COST CONTROL ON PROFIT MAXIMIZATION (A CASE STUDY OF NIGERIA BAG MANUFACTURING COMPANY) PLC, IGANMU LAGOS STATE

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INTRODUCTION

1.1 BACKGROUND OF THE STUDY

Cost control is a vital element in the management aspect of functional activities that covers all aspects of an enterprise.

It was first performed in a routine manner by clerks, but with the advent of professional management skills, it has evolved in to a more sophisticated function with a far reaching effect on a company’s profit.

This study will critically examine the constituents of cost management, such as production cost and control, purchasing cost and control, marketing cost and control, and other non-manufacturing cost and control.

Various cost control techniques will also be highlighted to provide the management of Nigerian Bag Manufacturing Company a pool of casting techniques that will assist them in maximizing profit.

REVIEW OF RELATED LITERATURE

This chapter reviews literatures relating to the theme and sub themes of these study major ideas of this section are groped and presented under the following subheadings;

2.1 Concept of Cost Control

2.2 The Production Control

2.3 Labour Cost and Control

2.4 Marketing Cost and Control

2.5 Techniques for Cost Control

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THE EFFECT OF COST CONTROL ON PROFIT MAXIMIZATION (A CASE STUDY OF NIGERIA BAG MANUFACTURING COMPANY) PLC, IGANMU LAGOS STATE

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