COST MANAGEMENT-METHOD FOR INCREASING THE PROFITABILITY OF ENTERPRISES, WITH REFERENCE TO THE PRODUCTION SMEs IN THE REPUBLIC OF NORTH MACEDONIA
COST MANAGEMENT-METHOD FOR INCREASING THE PROFITABILITY OF ENTERPRISES, WITH REFERENCE TO THE PRODUCTION SMEs IN THE REPUBLIC OF NORTH MACEDONIA

Summary/Abstract: The globalized world in which the companies operate, constantly changes the conditions under which the companies perform their activities, offer their products/services and manage their cost activities. This pressure affects the profitability of the enterprises and finding the right way to balance their cost-profit basis becomes one of the main factors for success. Hence, working towards being profitable, but keeping the costs at the lowest level are some of the challenges that many businesses face. Therefore, the aim of this paper is to analyze the cost management-method that N. Macedonian companies and the obtained results will further enhance the knowledge of other business entities in managing their business operations.

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