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Abstract


This research study is concerned with An Appraisal of the Impact of Cost Minimization on the Growth and Profitability of Manufacturing Companies in Nigeria using Nigerian Bottling Company (NBC) Plc. Enugu Branch as a case study. Due to the increasing complexity of down fall, instability, and non growth of so many companies which usually results in winding up of these companies, this study is aimed at finding out if proper management and an Appraisal of the impact of cost minimization on the growth and profitability of manufacturing companies in Nigeria and if it can affect the growth of these companies by solving problems facing companies and ensuring solidarity. Such problems like high rate of inflation, intense competition by capacity utilization, depreciation and depletion value of Naira, etc. and the objective is to determine the relationship between effective cost minimization measures and growth of Nigerian Manufacturing Firms. Based on the problems and objective, hypothesis was formulated. Data was obtained from respondent through personal interviews and questionnaires and the chi-square was employed for the statistical analysis. The study revealed that An Appraisal of the Impact of Cost Minimization on the Growth and Profitability of Manufacturing Companies in Nigeria can actually affect the growth of manufacturing companies positively. The study covered 9th Mile Plant in Enugu. Finally, recommendations were made on ways of Ensuring Effectiveness and Efficiency, by Encouraging An Appraisal of the Impact of Cost Minimization on the Growth and Profitability of Manufacturing Companies in Nigeria to provide these information to management on time.

Bank: GTBank
Account Name: Prince Orafu
Account Number: 0109980866


Bank: Diamond Bank
Account Name: Prince Orafu
Account Number: 0065070861

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