IMPORTANCE OF IDENTIFYING COST MANAGEMENT IN GREEN BUSINESSES
IMPORTANCE OF IDENTIFYING COST MANAGEMENT IN GREEN BUSINESSES
Author(s): Katerina Hadzi Naumova MihajlovskaSubject(s): Economy
Published by: Економски институт - Скопје
Keywords: green businesses; cost management; environmental accounting
Summary/Abstract: Green business can be defined as business committed to the principles of environmental protection within their activities, while striving to use renewable energy sources and trying to minimize the negative impact on the environment. Identifying their costs is very important because it provides a realistic assessment of the economic and environmental impact of business (enterprise) on the environment. Therefore, the main purpose of the paper is based on analysis of the activities of green businesses to identify the main characteristic of their cost management and to clear that managers need cost management tools in order to make right decisions.
Journal: Економски Развој - Economic Development
- Issue Year: 23/2021
- Issue No: 1
- Page Range: 17-24
- Page Count: 8
- Language: English