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Question 4 Answer the question given below: Most of the enterprises in the global economy try to maximize the profit, which is possible by decreasing

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Question 4 Answer the question given below: Most of the enterprises in the global economy try to maximize the profit, which is possible by decreasing the production cost. For this purpose, the management uses two efficient tools, ie, cost control and cost reduction Particularly in Oman, in the post pandemic period, the businesses are striving hard to regain its momentum. Imagine you are a cost accountant and suggest suitable measures for the companies in Oman to have (5 marks) cost effectiveness coupled with profit maximization in the post-pandemic era

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