COST MANAGEMENT MECHANISMS IN SMALL BUSINESSES
Abstract
This scientific article aims to provide a deep scientific basis for the study of modern cost management mechanisms in small businesses and private entrepreneurship, their specific economic characteristics and their unique importance in ensuring financial stability. During the study, the main financial problems and risks that small business entities face every day were analyzed, and practical and theoretical recommendations were developed for rational and economical use of resources, systematic reduction of the cost of products or services, and sharp increase in competitiveness in a market economy. Also, the role of digital information technologies, lean production philosophy, and budgeting models in strategic cost optimization was emphasized, and the conclusions obtained serve as an important practical guide for small business leaders, managers, and economists.