THE IMPACT OF FIXED AND VARIABLE COSTS ON BUSINESS DECISION-MAKING
- Project Research
- 1-5 Chapters
- Quantitative
- Simple Percentage
- Abstract : Available
- Table of Content: Available
- Reference Style: Available
- Recommended for : Student Researchers
- NGN 5000
ABSTRACT
THE IMPACT OF FIXED AND VARIABLE COSTS ON BUSINESS DECISION-MAKING
This research aims to examine the impact of fixed and variable costs on business decision-making with objectives: (1) to understand how fixed and variable costs influence strategic choices; (2) to assess the role of cost behavior in decision-making processes; (3) to identify best practices for managing fixed and variable costs. A survey design is justified for this study to gather broad, quantifiable data. Using Taro Yamane's formula, a sample size of 320 respondents from Owerri is selected, capturing diverse business perspectives. The case study focuses on a retail business, given the clear distinction between fixed and variable costs in such operations. The survey instrument has a reliability coefficient score of 0.86. Findings reveal that businesses that effectively manage fixed and variable costs are better positioned to make strategic decisions, such as pricing and expansion. It is observed that understanding cost behavior helps businesses in budgeting and forecasting. Recommendations include adopting flexible budgeting techniques, regularly reviewing cost structures, and incorporating cost behavior analysis into strategic planning.
Related Project Materials
The Impact of Tax Revenue on Infrastructure Development in Nigeria: A Case Study of the Lagos State Government
Background of the Study
Tax revenue is a fundamental source of government income for f...
ANALYSIS OF THE LAW ON COMPANY MEETINGS IN CONTEMPORARY CORPORATE GOVERNANCE IN NIGERIA
ABSTRACT
This study analyzed the Law on Company Meeting in Modern Day Corporate Governance in Nigeria. It principally discussed the conce...
An evaluation of entrepreneurship education in vocational training centers in Yunusari Local Government Area, Yobe State
Background of the Study
Entrepreneurship education within vocational training centers is increasingly recognized as a crit...
The Challenges of Enforcing Social Media Content Regulations in Katsina Local Government Area, Katsina State
Chapter One: Introduction
1.1 Background of the Study
Social media has revolutionized communicat...
INFLUENCE OF EXPOSURE TO ROMANTIC MOVIE ON DIGITAL MEDIA ON MARRIAGE EXPECTATIONS AMONG KWASU UNDERGRADUATE
Background of the study
Digital media, often known as new media, is the 'lovebird' of to...
The effect of regulatory changes on investment banking profitability: a case study of Citibank Nigeria
Background of the Study
Regulatory changes play a critical role in shaping the operational and financial landscapes of inv...
The effect of cohesive digital and traditional marketing on consumer trust: A study of a consumer goods brand in Lagos.
Background of the study
Consumer trust is a cornerstone of brand success, particularly in the...
An investigation of customer perception of ethical marketing in promotional campaigns: A study of a financial service in Lagos, Nigeria.
Background of the study
Ethical marketing in promotional campaigns has become a key focus for industries where tru...
HE ROLE OF DEMAND FORECASTING IN SUPPLY CHAIN MANAGEMENT
Abstract: THE ROLE OF DEMAND FORECASTING IN SUPPLY CHAIN MANAGEMENT
The objective of this study is to explore the role of demand forecast...
The Role of Local Journalism in Promoting Civic Responsibility in Dutsin-Ma LGA, Katsina State
Background of the Study
Local journalism plays a vital role in fostering civic responsibility by keeping citizens informed...
