Conference Paper

COST-CUTTING TACTICS AND EXPANSION OF NIGERIA LISTED MANUFACTURING COMPANIES

ABSTRACT Examining the impact of cost-cutting tactics on the expansion of Nigerian manufacturing firms that are listed between 2014 and 2023 is the aim of this research. The specific goals are to ascertain the impact of changes in material costs on the turnover of Nigerian listed manufacturing companies, analyse the effect of changes in administrative costs on the turnover of Nigerian listed manufacturing companies, and ascertain the impact of changes in distribution costs on the turnover of Nigerian listed manufacturing companies. An ex post facto research design was used in the study. The study's population comprises of Nigerian industrial firms. The study's sample size comprises ten (10) manufacturing enterprises that were chosen at random from the general population. A random sample technique is used to select the sample size. The study revealed there is no significant effect of change in administration cost on turnover of listed manufacturing firms in Nigeria. The researcher therefore recommended in order to enhance the organization's growth, management should make a deliberate effort to control cost components individually. Keywords: Change in Material Cost, Change in Distribution Cost, Administrative Cost and Turnover