Page 10 - Cost
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Cost Competitiveness
such as technology up gradation, long-term the performance of the organization, how to
investments, infrastructure etc which can take position the cost aspect from the competitive
the organization to new heights. point of view?
Q. How can stringent cost control on A.Today’s cut throat competition has lef
infrastructure and other facilities afect no room for cost ignorance in order to obtain
production cost efciency? a fair view about the performance of the
organization. Te cost aspect should be kept
on top priority from the competitive point of
A.Every penny invested in the infrastructure view. At the same time quality should also not
has an impact on the cost of the production. be kept at low priority. Both aspects play a vital
Te cost control on infrastructure will reduce role in the today’s competitive world.
the fxed cost of the organization and ultimately
will increase the production cost efciency.
Author can be reached at : assocham@nic.in
Q. In order to obtain a fair view about
The Institute of Cost Accountants of India www.icmai.in 10
