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Published on Nov 4, 2009
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.