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What are the biggest challenges faced in business today?
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[QUOTE="Activator230822, post: 285385, member: 88192"] For me I would say this; Operating businesses in this trying times is very challenging. There are many reasons as to why most businesses do badly nowadays. Firstly we have an ongoing worldwide inflation that is ravaging the business world today. The ongoing inflation has caused a major increase in the prices of petroleum products which has resulted to the significantly increase in the cost of production and transportation of goods and services. This has subsequently led to the shooting in the prices of almost everything in the world which makes the cost of operating businesses to be very high. However, the higher the costs of business operations the more riskier the Businesses are to making losses therefore Most traders can't bear the situation and end up collapsing or closing the businesses. However there are many challenges facing the businesses today just to mention a few. Economic and political instabilities also poses a high risk to the smooth running of businesses worldwide. For instance the Russian and Ukrainian war has really ravaged the world's economy and affected the businesses very negatively as people are not in peace to go out to operation of their Businesses and even go working on the industries for production of products. [/QUOTE]
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What are the biggest challenges faced in business today?
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