ABSTRACT
THE ROLE OF COST ANALYSIS IN STRATEGIC DECISION-MAKING
This study investigates the role of cost analysis in strategic decision-making by addressing: (1) the impact of cost analysis on strategic planning; (2) the benefits of cost analysis for resource allocation; (3) the challenges in conducting comprehensive cost analysis. A survey research design is employed to collect quantitative data. Taro Yamane's formula is used to derive a sample size of 320 respondents from Lagos, representing various business sectors. A financial services firm is selected as the case study due to the critical importance of cost analysis in financial decision-making. The reliability coefficient score for the survey instrument is 0.88. Findings indicate that cost analysis significantly influences strategic decision-making by providing detailed insights into cost structures and resource utilization. Techniques such as break-even analysis, variance analysis, and scenario planning are highlighted. It is recommended that businesses integrate cost analysis into their strategic planning processes, invest in analytical tools and training, and regularly review and update their cost analysis methods to support informed decision-making.
ABSTRACT
This research identified the techniques for assessing durability of small scale business opportunities in Niger...
ABSTRACT
This research study surveys how certain advertising strategies affect consumers’ perception of truth in them with outcomes...
ABSTRACT
This study was carried out to examine the effect of startup business in entrepreneurial develo...
Abstract
Before and after independence, Nigeria has been the chief architect and chief negotiator of peace throughout A...
ABSTRACT
This study was conducted to investigate the effects of visual instructional materials on students‟ performance in Agricultural S...
Abstract
The study is entitled „Assessment of Teachers‟ and Students‟ Attitudes on Utilization and Maintenance of School Facilities...
ABSTRACT
The study newspaper Coverage of Crime reportage is an Analysis that is meant to examine the seriousness accorde...
ABSTRACT
A total of 160 (108 males and 52 females) Japanese quails (Coturnix coturnix japonica) were used for the experiment. The quails...
Abstract: This study addresses ethical dilemmas in vocational education research in Nigeria...
Abstract: The Impact of Forensic Accounting on Insurance Claims and Disputes
The study investigates the impact of forensic accounting on...