How to manage with expenses in mind

Important to know:
The course video is English with Romanian subtitles and test questions are in Romanian.

Overview

Cost-effective management is critical to the financial success of a business and can help you avoid difficult cost reductions. Cost control is a team effort that requires careful cost management. In this course, you will learn how to identify cost management opportunities, involve your team in cost control efforts, and use tools such as cost sharing and reduction.

Objectives

• evoking fundamental strategies for reviewing and reducing costs

• describing strategies for obtaining significant feedback from employees

• establishing strategies for saving the company’s finances in the form of personal costs

• establishing strategies to reduce marketing and advertising costs

• establishing strategies for working with other groups to reduce overall costs

• establish strategies in the cost reduction process

• identify cost-effective management strategies