Question

Business

Please give me a small solution for this problem

Business Approach Business Effectiveness: Problem Highest -Lowest Solution A Solution B Solution C Solution D Inflation Finance and interest rates Cost of labor Cost/ availability of insurance

Answer 1

Business Approach
Business	Effectiveness
Problem	Highest -- -- -- -	Lowest
	SOLUTION A	SOLUTION B	SOLUTION C	SOLUTION D
INFLATION	Raise the prices as per inflation index	raise the price in proportionate to rise in input	Stock the high price inputs	Wait for inflation to reverse and concentrate to raise sales
FINANCE AND INTEREST RATES	replace debt with equity	reduce concentration on fixed interest sources	Replace the higher interest finance with low interest finance	concentrate on raising sales to defend interest rise
COST OF LABOR	replace higher cost labor with cheaper one	reduce the labor through outsourcing jobs	reduce the wast labor hours	raise sales to counter the rise in labor cost
COST / AVAILABILITY OF INSURANCE	Cover the most risky parts of business	Have high value inputs insured	search for low cost insurance	Insure everything and safely concentrate on sales