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Prime Cost In Strategic Context

Author

Listed:
  • Lyudmila Mihaylova

    ("Angel Kanchev" University of Ruse, Bulgaria)

  • Emil Papazov

    ("Angel Kanchev" University of Ruse, Bulgaria)

Abstract

Costing by product, activity, or customer across all businesses is important because it shows the relationship between business analysis and taking of management decisions. The cost of production is related to the correct pricing of products and services, planning of new products, and taking active action in a dynamic environment. The purpose of the paper is to highlight important aspects concerning cost of production in strategic context.

Suggested Citation

  • Lyudmila Mihaylova & Emil Papazov, 2020. "Prime Cost In Strategic Context," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 464-474.
  • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:464-474
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    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T3_2020.pdf
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    More about this item

    Keywords

    business management; strategic context; cost;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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