Authors : K. Teplicka and J. Kadarova
Abstract: Costs constitute the basic economic indicator that affects the business activities of companies. We will search costs in mining companies in Slovakia. Cost optimization in the mining company is a key factor of business and the goal to successful growth and profit formation. The costs of the mining company are high and costs affect negatively corporate profit. The goal of this study is to find out the development costs in the mining companies in Slovakia relative to the size of the business. We will use economic cost analysis in the mining companies through a chain index. The results of this economic analysis present a decreasing development of costs in the small and medium mining companies and increasing development of costs in large mining companies.
K. Teplicka and J. Kadarova, 2018. Cost Management in Mining Companies and Influence and Importance on Profit Formation. International Business Management, 12: 268-271.