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Business strategy
How should smaller businesses react to high cost of production.
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[QUOTE="saoussen5765, post: 339288, member: 75161"] The best thing you could do is to cut out some processes that are not adding real value to the production process. If you have to pay someone whose job is just to count, lay the person off and let another employee double up that role. A small business also has to find alternative processes that are cheaper. Some businesses in my country have adopted solar technology to help power their operations since the cost of fuel has become very expensive. Buy equipment that is very cost-effective even though it might seem expensive at the initial stage. Reduce your costs of packaging too to reduce costs. [/QUOTE]
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