The big companies rely heavily on vicious attention to cost accounting techniques. But they are not misled by accounting formulas , gross margins, and gross profits. And they have never forgotten that the purpose of the company is to earn a return on the money invested. The big companies simplify and manage their costs using simple techniques. The techniques, as illustrated in this 3 minute video clip, shed blinding light on ALL the costs of doing business. The big companies rely heavily on vicious attention to cost accounting techniques. But they are not misled by accounting formulas , gross margins, and gross profits. And they have never forgotten that the purpose of the company is to earn a return on the money invested. The big companies simplify and manage their costs using simple techniques. The techniques, as illustrated in this 3 minute video clip, shed blinding light on ALL the costs of doing business.
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