Inflation is often a scourge for business people which has an impact on reducing consumer purchasing power. When inflation occurs, the circulation of money in society will increase, causing the value of the money we have to fall, with signs of general increases in prices and the cost of living during a certain period. One of the strategies used by large companies to overcome inflation is to hold hedging assets such as gold, land, buildings and even Bitcoin. Apart from that, entrepreneurs can also take actions such as:
1. Cost efficiency for both internal and external costs, such as administrative costs, electricity costs and other costs.
2. Reduce production costs, marketing costs and operational costs.
3. Create innovation and product variations.
4. Minimize warehouse costs or storage costs.
5. Increase prices.
6. Reducing the number of employees etc.
1. Cost efficiency for both internal and external costs, such as administrative costs, electricity costs and other costs.
2. Reduce production costs, marketing costs and operational costs.
3. Create innovation and product variations.
4. Minimize warehouse costs or storage costs.
5. Increase prices.
6. Reducing the number of employees etc.
