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Particularities of Cost-Based Decisions in the Clothing Industry in Romania

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  • Caprian Cristina

    (“Alexandru Ioan Cuza†University)

Abstract

The purpose of this scientific research is to highlight and analyze the particularities of costbaseddecisions in the clothing industry in Romania. In order to achieve this goal we have presented the importance of information and decision inmodern management methods. Making good decisions in all areas that have an impact onorganization resources and costs means managing resources and costs by getting the best balancebetween spending and the utility it creates, not just by reducing them. Knowledge of costs is adecisive factor in making decisions or planning future activities. The paper presents types of decisions depending on the level of management they are taking, aswell as some examples of types of decisions that can be taken in a clothing industry organizationon the decision-making process, based on the use of information on the costs. This documentconcludes with the main cost-based decisions based on this examples.

Suggested Citation

  • Caprian Cristina, 2018. "Particularities of Cost-Based Decisions in the Clothing Industry in Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 435-440, July.
    • Handle: RePEc:ovi:oviste:v:xviii:y:2018:i:1:p:435-440
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    More about this item

    Keywords

    information; decisions; cost-based decisions; clothing industry;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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