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The Crisis And The Cost Management

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Listed:
  • Sorin Briciu
  • Florentina Sas

Abstract

The aim of the present study is the analysis of the phenomenon of contemporary crisis and its unfavourable effects upon the global economy, in general, and the developing countries, in particular. It also has in view the most appropriate decisions that the management of an entity should take under recession conditions. The reduction of prices becomes a priority for the entities, and the first anti-crisis measure in the present economic context. More attention should be paid to the reduction of fixed and variable costs, taking into account the aim of maintaining the profitability and financial equilibrium into an instable and unpredictable business environment.

Suggested Citation

  • Sorin Briciu & Florentina Sas, 2009. "The Crisis And The Cost Management," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(11), pages 1-27.
    • Handle: RePEc:alu:journl:v:1:y:2009:i:11:p:27
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1120091/27.pdf
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    References listed on IDEAS

    as
    1. Charles P. Kindleberger & Robert Z. Aliber, 2005. "Manias, Panics and Crashes," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-0-230-62804-5, December.
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    Cited by:

    1. Kun Jiang & Susheng Wang, 2024. "Survival tactics for distressed firms in emerging markets," Asia Pacific Journal of Management, Springer, vol. 41(2), pages 823-866, June.
    2. Carmen Cretu & Victoria Gheonea & Carmen Sirbu, 2011. "Cost-Based Decision in Public Sector," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 5(5), pages 31-43, October.

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    More about this item

    Keywords

    economic crisis; reduction of fixed and variable costs; the descending spiral of demand; sub- activity cost.;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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