Raj Tumber
Business & Economic Development
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SCORE
Doing Business in High Inflation
Product based businesses rely on logistics and transportation, which in the recent years have become a challenge resulting businesses to adjust their operations frequently. Then, high inflation increases cost of goods resulting to decrease in consumer spending which then effects business revenue - and government revenue through business tax. All this deepens economic downturn.
The speaker discusses awareness factors to consider in maintaining business sustainability during high inflation.