Browsing by Author "Mohammed, Yasin V"

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    A Study on Analysis of COst and Cost Reduction Technique at Miracle Elastomer India Limited
    (2017-04-19T14:02:05Z) Mohammed, Yasin V
    The continuous rise in the prices of raw materials increase in wage rates, and cost of services tends to increase the cost of production. It may not be possible to increase the selling prices of finished goods proportionally because of the prevalence of staff competition or Government controls. If a corresponding increase in selling prices of finished goods is not achievable; the increase in cost of production will result in the reduction of profit margin. This emphasizes the need to explore avenues for reduction in the cost of production to satisfy the social obligation of providing goods and services to the common man at a low cost.