Reserves for improvement of enterprise profit
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 5, Issue
Abstract
The article is devoted to the study of reserves for increasing the profit of an agricultural enterprise. It is determined that in order to increase the profit of agricultural activity of an enterprise, it is necessary to look for unused opportunities, namely reserves for increasing profits, among which the main ones may be: an increase in the volume of production and sales; reduction of production and sales costs; improvement of product quality. It is proved that such reserves can be found at the stages of production planning, directly at the production stage and stage of agricultural production. The definition of the concept of an increase in profit margin is based on a scientifically based methodology for developing measures for its mobilization. Under the profitability of an agricultural enterprise should be understood a stable economic phenomenon, which manifests itself as a confirmed ability of the company to generate a positive financial result from the implementation of both the main and all economic activity of the enterprise. Thus, profitability is the excess of income over expenditures, at a rate sufficient for effective further functioning. The concept of profitability expresses the degree of efficiency of using company profits and the degree of efficiency of management. Increasing the profitability of an agricultural enterprise is possible by looking for reserves and ways to increase profits. The recommendations on the finding of reserves for increasing the company's profit in market conditions, in particular: increase in labor productivity, adherence to the strictest regime of economy in all areas of production and economic activity of the agricultural enterprise, improvement of norms and norms, and more complete utilization of secondary resources, the use of the correct tactics when setting prices.
Authors and Affiliations
Iryna Oleksandrivna Pavliuk
Keywords
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