Cost Cutting – Are you going the right direction?

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Businesses want to generate revenues and optimize profits, there is an ever-increasing competition in the market, and trends change every day while technology is witnessing massive changes every minute. With all this and much more, when huge businesses are unable to optimize profits, they start discussing about saving costs as this gives them an edge in the market because when the costs are low and revenues and profits remain same or high, the working capital keeps increasing because of the liquidity the firm has developed by saving costs. Today, almost all business houses play at cost savings and this helps them increase potential revenues as well.

Read the complete article on: https://www.linkedin.com/pulse/cost-cutting-you-going-right-direction-tripta-arora?articleId=6141579058971971584#comments-6141579058971971584&trk=prof-post

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PHOTO COURTESY — tweakyourbiz.com

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