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- Title
Impact of Administration and Production Expenses on Profit.
- Authors
Dawood, Agha Muhammad
- Abstract
The impact of administration and production expenses on profit can be significant for any organization. If these expenses are not properly managed, they can eat into the company's profit margins, reducing the overall profitability of the business. On the other hand, if these expenses are effectively controlled, they can help to improve the bottom line and increase the overall profit margins. In order to minimize the negative impact of these expenses, companies should strive to keep them as low as possible, while at the same time maximizing the efficiency and productivity of their operations. This can be achieved through careful planning, effective cost control measures, and a focus on continuously improving processes and systems. It is analyzed that if administration expenses are too high, it can reduce the overall profitability of the business, as these expenses are not directly tied to the production of goods or services. In the same way, if production expenses are not effectively controlled, they can lead to higher costs and lower profit margins. However, proper management of these expenses can lead to improved profitability. This can be achieved through a number of strategies, such as reducing waste, streamlining processes, and implementing cost control measures. For example, by reducing waste in the production process, companies can lower their production expenses and increase their profit margins. Additionally, implementing effective cost control measures can help companies to reduce their administration expenses, freeing up more resources to invest in growth and expansion.
- Subjects
COST control; PROFIT margins; COST; MEDICAL care cost control; MANUFACTURING processes; PRODUCTION increases
- Publication
Journal of Finance, Accounting & Management, 2024, Vol 15, Issue 1, p13
- ISSN
2153-2818
- Publication type
Article