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Costs Control In Energy Field

Author

Listed:
  • Madalina Mihaila

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Energy has become a strategic factor in global politics, a vital component and a cost factor for economic development and progress of society overall. Given the importance of electricity, both for branches of national economy and for public welfare, the state took over the task of implementing and exploiting the energy system. The result of this action was to create mechanisms for administrative control of prices, through costs. Organizations and managers also put emphasis on cost accounting and control. Expenditure control in the past, present and future is part of the work of all managers in a company. Companies that try to make profit, focus on cost control that affect them directly. Also, knowing the costs, segmented by product is essential for making decisions on price, with further implications in the evolution of turnover.

Suggested Citation

  • Madalina Mihaila, 2011. "Costs Control In Energy Field," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(39), pages 92-95.
    • Handle: RePEc:aio:aucsse:v:3:y:2011:i:39:p:92-95
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    File URL: http://feaa.ucv.ro/AUCSSE/0039v3-014.pdf
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    More about this item

    Keywords

    cost management; cost control; cost optimization; pricing; efficiency;
    All these keywords.

    JEL classification:

    • L21 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Business Objectives of the Firm
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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