THE IMPACT OF COST CONTROL STRATEGIES FOR RETAIL AND E-COMMERCE BUSINESSES
- 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 CONTROL STRATEGIES FOR RETAIL AND E-COMMERCE BUSINESSES
This study investigates the impact of cost control strategies on retail and e-commerce businesses in Lagos. The objectives are to identify effective cost control strategies, evaluate their impact on financial performance, and determine the challenges faced during implementation. A survey design was employed, gathering data from 250 financial managers and cost accountants in retail and e-commerce businesses, derived using Taro Yamane's formula. A detailed case study of a leading e-commerce company in Lagos provided comprehensive insights. The reliability coefficient score was 0.87. Findings indicate that effective cost control strategies, such as budget tracking and variance analysis, significantly enhance financial performance by reducing waste and improving operational efficiency. However, challenges such as high implementation costs and resistance to change were noted. Recommendations include providing more training on cost control strategies, simplifying processes, and integrating these strategies with overall financial management practices to ensure better financial health of retail and e-commerce businesses.
Related Project Materials
AN ASSESSMENT OF THE CONCEPT OF VICTIMS OF CRIMES IN NIGERIA
Background to the Study
It is not exaggeration that despite the effort of National Agency for the Prohibition of Traffic...
ASSESSMENT OF DOMESTIC VIOLENCE ON CHILDREN AND ITS EFFECT ON THEIR ACADEMIC PERFORMANCE
ABSTRACT
The main aim of the study is to find out the effects of domestic violence on performance of students in public...
IMPACT OF PRINCIPALS’ LEADERSHIP STYLES ON TEACHING AND LEARNING IN SECONDARY SCHOOLS IN ILORIN METROPOLIS, KWARA STATE, NIGERIA
Abstract
This study examined impact of principals‟ leadership styles on teaching and learning in secondary schools in Ilorin metropolis,...
EXAMINING THE ROLE OF SOCIAL MEDIA IN FACILITATING THE SPREAD OF FAKE NEWS AND EXPLORING POTENTIAL STRATEGY TO COMBAT MISINFORMATION (A STUDY OF SOCIAL MEDIA PLATFORMS USERS IN ABAKALIKI)
CHAPTER ONE
INTRODUCTION
...
THE IMPACT OF RURAL INDUSTRIALIZATION ON DEVELOPMENT IN NIGERIA
ABSTRACT
This study seeks to evaluate the impact of rural industrialization on development in Nigeria u...
A STUDY ON COST ACCOUNTING CONSIDERATIONS FOR GLOBAL SUPPLY CHAINS: A CASE STUDY OF SHOPRITE
Abstract: A STUDY ON COST ACCOUNTING CONSIDERATIONS FOR GLOBAL SUPPLY CHAINS: A CASE STUDY OF SHOPRITE
This research examines cost accoun...
BUDGETING AS A MANAGEMENT TOOL FOR PLANNING, CONTROLLING AND DECISION MAKING
Abstract
The usefulness of budgeting as a management tool cannot be over emphasized. A good budgeting system could aid m...
DESIGN AND IMPLEMENTATION OF AN OFFICE ENTERPRISE SYSTEM
Statement of Problem
Manual office systems always put pressure on people to be correct in all aspect of their wor...
AN EVALUATION OF CHALLENGES OF E-LEARNING IN NIGERIAN UNIVERSITY USING BABCOK UNIVERSITY
BACKGROUND TO THE STUDY
E-learning refers to the use of ICTs (Information and Communication Technologie...
THE PROBLEMS FACING CATTLE RANCHING IN NIGERIA AND POSSIBLE SOLUTIONS
Background of the study
The strategy of the pastoralist system underwent a very substantial shift when ranching w...
