THE IMPACT OF COST-VOLUME-PROFIT ANALYSIS FOR DECISION-MAKING IN NIGERIA'S TEXTILE INDUSTRY
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 3000
Abstract: THE IMPACT OF COST-VOLUME-PROFIT ANALYSIS FOR DECISION-MAKING IN NIGERIA'S TEXTILE INDUSTRY
This research explores the impact of cost-volume-profit (CVP) analysis on decision-making in Nigeria's textile industry, focusing on Lagos. The objectives are to assess how CVP analysis influences strategic decisions, evaluate its impact on financial performance, and identify the challenges faced. A survey design was employed, with data collected from 250 financial managers and accountants in textile companies, derived using Taro Yamane's formula. A case study of a leading textile firm in Lagos provided comprehensive insights. The reliability coefficient score was 0.88. Findings reveal that CVP analysis significantly enhances decision-making by providing detailed insights into cost structures, pricing strategies, and profit margins. However, challenges such as data collection difficulties and compliance issues were identified. Recommendations include providing more training on CVP analysis, simplifying data collection processes, and ensuring regular reviews of strategic decisions based on CVP analysis.
Related Project Materials
THE IMPACT OF STRATEGIC LEADERSHIP DEVELOPMENT ON ORGANIZATIONAL SUCCESS
Abstract:
The objectives of this study are to (1) assess the impact of strategic leadership development on...
INFLUENCE OF CLASS SIZE ON TEACHING AND LEARNING OF AGRICULTURAL SCIENCE IN SECONDARY SCHOOLS IN ILA LOCAL GOVERNMENT
ABSTRACT
This study was carried out to examine the influence of class size on teaching and learni...
CRIMINOLOGY AND CRIMINAL JUSTICE IN NIGERIA
ABSTTRACT
The main focus of the study is to examine criminology and criminal justice in Nigeria using A...
AN ASSESSMENT OF THE PRINT MEDIA IN THE CAMPAIGN AGAINST DRUG ABUSE IN NIGERIA
BACKGROUND OF THE STUDY
Drug abuse is a very sensitive and vital issue on our social, education, economic and moral life...
THE INFLUENCE OF COMPETITIVE STRATEGIES ON BUSINESS PERFORMANCE
This study examines the influence of competitive strategies on business performance. Objectives include: (1) evaluating the effectiveness of differ...
AN ASSESSMENT OF MEDIATING ROLE OF ORGANISATIONAL POLITICS PERCEPTION ON LEADER-MEMBER EXCHANGE AND WORK WITHDRAWAL BEHAVIOUR AMONG PUBLIC SENIOR HIGH SCHOOL TEACHERS IN GHANA
Background of the study
Leaders' responsibilities and connections with their subordinates have been assessed as crit...
A CRITICAL EVALUATION OF THE IMPACT OF DIGITALIZATION ON BROADCASTING MEDIA
Abstract
This research examined the Impact of Digitalization on Broadcast...
DEFICIT FINANCING AND ECONOMIC GROWTH: THE NIGERIA EXPERIENCE
ABSTRACT
The general objective of the study is to analyze the effect of deficit financing on Nigeria&rs...
BRAIN DRAIN AND NATIONAL DEVELOPMENT IN NIGERIA
ABSTRACT
The thrust of this work is the evaluation of the expropriation of Nigeria’s vital human resources through...
THE EFFECTIVENESS OF ADAPTIVE LEARNING TECHNOLOGIES IN TECHNICAL EDUCATION
Abstract: The effectiveness of adaptive learning technologies in technical education is cri...
