This study is centered on the analysis of business objective and their accomplishment through effective cost control in lake concerted industry-limited Enugu. There are lots of problem that face the industry, some of which are shortage of raw materials, excessive demand, ineffective stock planning and inefficient stock management.
The study therefore embarked on how the industry should form a strong stock management policy. Thereby forming a stock management committee that will monitor the implementation of the policy.
Also in this study, proper method of determining the maximum stock level was worked out that is the use of probability and technique. In the same val-soft were was procured to help in checking over-stocking and under stocking.
In this research work, questionnaires were used as the research work, question. Data were also collected through personal interview. The uses of chi-square and sample table were used to know how effective and reliable are the observed facts. Based on the objectives of this study, researcher come up with findings as it effects the effective cost control in lake concrete industry limited Enugu. It found out that there are low national factors and this made the workers to be relevant to put in their best at work.
On this effect, the researcher come to conclude that training and development will contribute immensely to effective performance of the workers.
Therefore, the research finally recommends that the management of the industry should endeavor of staff to training and development to enhance proper technical know how of the job as will give opportunity to workers to influence decision effecting them.
The pursuit of an objective and the accomplishment is the characterizes and every organization and this objective and accomplishment exist in dimensions. Every business organization whether sole trade (one man business) partnership, company or comporting therefore most have objectives and expected accomplishment. The primary objective of every business organization in a capitalist or mix-economy is to make profit, and meet their accomplishment.
Profit is described as the excess of total revenue over total cost during a specific period of time. For firms (Mostly competitive) to make profit, they most have control over the cost of their production and services.
In many business organizations some supervisors, always from and query why accountants usually scrutinize their expense and other cost they present for payments, when the money does not come from the accountants pockets. Accountants scrutinize claims, voucher etc in order to satisfy themselves that a particular item of cost is reasonably necessary and wholly for the operations of the enterprise. Just like any one of us as individuals, we try to satisfy all our necessary requirements without throwing ourselves into financial mess before the inflow of another income, the scammers why individual requirement applies to partners in partnership, companies etc when an accountant queries cost incurred in ones department or cost center, all he is trying to do is to ensure that reasonable cost are being incurred for the level of the enterprises’ performance.
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