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6 Ways To Deal With Inflation
6 Ways To Deal With Inflation
DEAL WITH
INFLATION
SWIPE
1. RAISE PRICES (1/2)
Common way that companies
do to help against inflation is by
simply raising their prices
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1. RAISE PRICES (2/2)
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2. REDUCE COSTS
This includes:
Cutting unnecessary
expenses to investing in
energy-efficient equipment.
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3. NEGOTIATE BETTER
DEALS
Companies should
negotiate better deals with
suppliers to reduce the cost of
production.
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4. IMPROVE
PRODUCTIVITY
Companies should look for
ways to improve their
productivity, such as investing
in technology or automating
certain processes.
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5. HEDGING STRATEGIES
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6. FOCUS ON LONG TERM
GOALS
Companies should focus on
long-term goals, such as
expanding into new markets
or developing new products.
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SUMMARY
1. Raise prices
2. Reduce costs
3. Negotiate better deals
4. Improve productivity
5. Focus on long-term goals
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