Improving the Analysis of Production Costs in the Development of Small Business and Entrepreneurial Prospects
Keywords:
production cost analysis, small business, entrepreneurship, activity-based costing, strategic cost management, economic developmentAbstract
This study examines the critical role of production cost analysis in fostering the growth and sustainability of small businesses and entrepreneurship. By analyzing current methodologies and proposing innovative approaches, this research aims to enhance the accuracy and effectiveness of cost analysis techniques. Findings suggest that integrating advanced technology, adopting activity-based costing, and implementing strategic cost management can significantly improve production cost analysis for small businesses.
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