Reference no: EM13174802
Analyze the past, current, and future cost considerations of the company and, on the basis of your costs analysis, create a list of strategies to enhance the company's profit. In your analysis, include the following information about the various costs that affect the company:
1. Fixed costs, such as land, rent, utility bills, property taxes, mortgage payments, fire insurance, and lease on delivery trucks
2. Variable costs, such as wages of production workers or salespeople, raw materials, electric power, and inventory
3. Life cycle costs, such as acquisition, installation, operation, maintenance, refurbishment, and disposal fees
4. Operating costs, such as failures, repairs, spares, downtime, and loss of production
for Abbott Laboratories
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