Analyze the past, current, and future cost considerations of the company and, on the basis of your costs analysis, create a list of strategies to enhance the company’s profit.In your analysis, include the following information about the various costs that affect the company:
- Fixed costs, such as land, rent, utility bills, property taxes, mortgage payments, fire insurance, and lease on delivery trucks
- Variable costs, such as wages of production workers or salespeople, raw materials, electric power, and inventory
- Life cycle costs, such as acquisition, installation, operation, maintenance, refurbishment, and disposal fees
- Operating costs, such as failures, repairs, spares, downtime, and loss of production