THE INFLUENCE OF COST EFFICIENCY ON BUSINESS COMPETITIVENESS
- 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 INFLUENCE OF COST EFFICIENCY ON BUSINESS COMPETITIVENESS
This research explores the influence of cost efficiency on business competitiveness, focusing on: (1) the relationship between cost efficiency and competitive advantage; (2) the strategies for achieving cost efficiency; (3) the challenges in maintaining cost efficiency. A survey design is justified for this study to gather broad, quantitative data. Using Taro Yamane's formula, a sample size of 310 respondents from Port Harcourt is selected, representing a mix of industries. A manufacturing firm is chosen as the case study due to the significant impact of cost efficiency on its competitiveness. The survey instrument has a reliability coefficient score of 0.87. Findings show that businesses that achieve high levels of cost efficiency gain a competitive advantage by offering lower prices or higher margins. Techniques such as process optimization, lean management, and technology adoption are highlighted. It is recommended that businesses continuously seek ways to improve cost efficiency, invest in training for staff, and leverage technology to streamline operations and reduce costs.
Related Project Materials
THE CHALLENGES OF GOVERNMENTAL ACCOUNTING FOR PUBLIC SECTOR ENTERPRISES AND UTILITIES
THE CHALLENGES OF GOVERNMENTAL ACCOUNTING FOR PUBLIC SECTOR ENTERPRISES AND UTILITIES: The objectives of this study are to (i) identify the key cha...
NURSING INTERVENTION FOR THE PROMOTION OF INFECTION CONTROL IN TWO TEACHING HOSPITALS
Abstract
This work is to examine the nursing intervention for the promotion of infection control in two teaching hospita...
EFFECTS OF SUBSIDY REMOVAL ON THE MOBILITY OF WORKERS IN NIGERIA
Background of the study
Among other major factors that influences transport costs and transport rates i...
AUDIENCE PERCEPTION OF MEDIA COVERAGE AND MANAGEMENT OF THE 2011 POST ELECTION VIOLENCE IN KADUNA STATE
ABSTRACT
The media can be used as an instrument to build as well as to destroy the hum...
THE ROLE OF PUBLIC ACCOUNTANTS IN FRAUD PREVENTION AND DETECTION
THE ROLE OF PUBLIC ACCOUNTANTS IN FRAUD PREVENTION AND DETECTION
ABSTRACT
This study examines the role of public accountants in...
A STATISTICAL SURVEY OF AGRICULTURAL LOAN AND ITS EFFECTS ON FARMING ACTIVITIES IN NIGERIA
Background to the Study
Since the discovery of crude oil in Nigeria, farming has been plagued by discrepancies and releg...
A HISTORICAL REVIEW OF THE DOCTRINE OF DIGANCI AND DIGAWA RELIGIOUS GROUP IN NIGERIA
BACKGROUND TO THE STUDY
In the history of Islam, doctrinal disagreements that resulted in the formation...
EFFECT OF EMPLOYEE JOB SATISFACTION ON ORGANIZATIONAL PRODUCTIVITY
BACKGROUND OF THE STUDY
Workers plight in the country today has left many well meaning Nigeria with many q...
THE IMPACT OF HOSPITAL LIBRARY ON CLINICAL DECISION MAKING IN NIGERIA
Background Of The Study
In the context of human beings, "health information" refers to the kn...
THE IMPACT OF SALES TRAINING PROGRAMS ON SALES PERFORMANCE
Abstract
THE IMPACT OF SALES TRAINING PROGRAMS ON SALES PERFOR...
