This week we will focus on the cost controls for operations. You will continue to add to your Cost Control Template started in Week 3 Assignment 1 & Week 4 Assignment 1. In a minimum 250 word overview in a Word document following MLA format, outline a minimum of five different procedures and strategies that will be implemented to control costs in operations for your business concept. Here are some areas to consider:
- Labor, which is a significant part of the cost to operate a business. Some of the areas to consider when controlling labor could be scheduling, training, and accountability of time/hours worked.
- Theft is another area that impacts the bottom line of a business. There should be control strategies to prevent internal and external theft.
- Maintenance, cleaning-related costs, and utilities.
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Developed a minimum of five different procedures and strategies on how to control costs in operations for the business concept. |
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Met word count and followed MLA guidelines for writing style, spelling, grammar, and citation of sources. |
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