Cost drivers are the elements of a business that typically create or originate costs that must be covered by the associated revenues of the business. As an owner, focusing on these cost drivers is critical to the success of your business.
For this module's project piece:
• In a 1-2 page Word document, use the cost objects and management method that were previously defined in the project to identify three to five cost drivers that would be encountered in your business type.
o Using these cost drivers, explain how they would measure, manage, and adjust the performance of the business against these drivers.