Analysis Of Cost Optimization Of Port Operation

CHAPTER ONE INTRODUCTION Background of the study In many markets, firms compete over time by expending resources with the purpose of reducing their costs. Sometimes, the cost reducing investments operate directly on costs. In many instances, they take the form of developing new products that deliver what customers need more cheaply. Therefore, product development can have the same ultimate effect as direct cost reduction. In fact if one thinks of the product as the services rendered to customers, then product development often is just cost reduction. The globalization of trade and subsequen…