Formation of economic costs
Shaping the economic costs of joint stock companies in modern conditions
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In the context of globalisation, the competitiveness of the state and of the entities on its territory is the focus of both economic theory and practice. One of the basic elements of the competitiveness of enterprises, especially in international competition, is the magnitude of costs, i.e., the necessary costs of production and sales. The magnitude of costs directly affects the value of the product and therefore is a determinant of a company's ability to compete on price. The structure and dynamics of costs determine the prospects for non-price competition based on the production of high valu...
In the context of globalisation, the competitiveness of the state and of the entities on its territory is the focus of both economic theory and practice. One of the basic elements of the competitiveness of enterprises, especially in international competition, is the magnitude of costs, i.e., the necessary costs of production and sales. The magnitude of costs directly affects the value of the product and therefore is a determinant of a company's ability to compete on price. The structure and dynamics of costs determine the prospects for non-price competition based on the production of high value-added products. It is therefore necessary to develop a concept of costs which is able to reflect the picture of cost formation and the factors affecting these processes, to highlight the specifics of different types of costs in the largest economic actors that determine the face of the country - joint stock companies.
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