ANALYSIS OF BUSINESS OBJECTIVE AND THEIR ACCOMPLISHMENT THROUGH EFFECTIVE COST CONTROL (A CASE STUDY OF LAKE CONCRETE INDUSTRIES LIMITED, ENUGU STATE)

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  • Abstract : Available
  • Table of Content: Available
  • Research Questions
  • References Style: APA

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Abstract:

This research investigates the analysis of business objectives and their achievement through effective cost control, with a focus on Lake Concrete Industries Limited, Enugu State. The study examines the challenges faced by the company, including shortages of raw materials, excessive demand, ineffective stock planning, and inefficient stock management. Utilizing a combination of questionnaires, interviews, and data analysis techniques such as chi-square, the research evaluates the role of cost control in improving operational efficiency and profitability. Findings reveal that poor stock management and a lack of cost control measures significantly contribute to the company’s operational losses. The study highlights the importance of implementing a robust stock management policy, supported by advanced tools like software for monitoring inventory levels. Additionally, it emphasizes the need for staff training and development to enhance worker productivity and align with organizational objectives. The study concludes that effective cost control is a vital strategy for achieving business objectives, reducing operational inefficiencies, and fostering sustainable growth. Recommendations include adopting advanced inventory management techniques, engaging employees in decision-making, and promoting a culture of continuous improvement to optimize resource utilization.

Keywords: Cost Control, Business Objectives, Profit Maximization, Stock Management, Operational Efficiency, Manufacturing Industry, Financial Analysis

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TABLE OF CONTENT

Title Page                                                                                                                   

Approval Page                                                                                                           

Dedication                                                                                                                 

Acknowledgement                                                                                                     

Abstract                                                                                                                     

Table of Contents                                                                                                      

CHAPTER ONE:

Introduction                                                                                                   

Background of the Study                                                                              

Statement of the Study                                                                                  

Purpose of the Study                                                                         

Scope of the Study                                                                            

Research Question                                                                             

Significance of the Study                                                                  

Definition of Terms                                                                           

CHAPTER TWO:

Review of Related Literature                                                                        

Overview of Business                                                                                    

The Objective of Business                                                                 

Overview of Cost Control                                                                 

The Role of Cost Control in Business                                                           

Relationship to the Study                                                                  

CHAPTER THREE:

Research Design and Methodology                                                               

Research Design                                                                                            

Area of the Study                                                                                          

Population of the Study                                                                                 

Sample and Sampling Procedure /Technique                                     

Instrument for Data Collection                                                                      

Validation of the Instrument                                                             

Reliability of the Instrument                                                              

Method of Data Collection                                                                

Method of Data Analysis                                                                  

CHAPTER FOUR:

Presentation and Analysis                                                                              

Presentation of Data analysis of Data                                                           

Testing of hypothesis                                                                        

Summary of result                                                                                          

CHAPTER FIVE:

Discussion, Recommendation and Conclusions                                            

Discussion, Results /Finding                                                              

Conclusion                                                                                                     

Implication of Research Findings                                                      

Recommendation                                                                                           

Limitation of the study                                                                                  

Suggestion for the research                                                               

Bibliography                  

                                

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